Saturday, September 15, 2018

Monopoly And Oligopoly

Monopoly is the market structure where there is only one seller in the market. The number of competitor is zero.

For example: Indian railways is a genuine example of monopoly. Since There are no other railways services in india other than indian railway. The changes in price of ticket hardly effects the number of custmores.

Oligopoly is the market structure where there are many sellers in the market. The number of competitors is high. So they need to keep up with changes of rivals sellers.

For example: Soap, TV, refrigerator, mobile phones all these products offer different variety for company to company but changes in price of one product by a company forces the others competitors to reduce the price.

By at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

IMPACT OF SOCIETY /SOCIAL GROUPS ON PURCHASE INTENTIONS OF HOME BUYING- Consumers are the most important factor that will make any bus...

  • Supply in elasticity
    Supply in elastic:if the supply is difficult to replace the product by a substitute goods then that is known as supply-in-elastic. Example...
  • NO PROFIT WITHOUT MARKET STRUCTURE
    MARKET STRUCTURE: there are different market structures that can be characterized to an economy, without market structure any company ca...
  • Supply Elasticity
    If the supply is easy to replace by multiple suppliers then it’s known as supply elasticity. Any unskilled worker is an example of supply e...