Market analysis-nature of market

The four characteristics of imperfect competition are : 

( a ) Large number of buyer and seller .

 ( b ) Product differentiation . 

( C ) Expenditure on advertisement and     
         other selling cost . 

( d ) Non - price competition .

perfectly competitive market has the following characteristics:
  • There are many buyers and sellers in the market.
  • Each company makes a similar product.
  • Buyers and sellers have access to perfect information about price.
  • There are no transaction costs.
  • There are no barriers to entry into or exit from the market.

टिप्पणियाँ

इस ब्लॉग से लोकप्रिय पोस्ट

Use of Instead, use Of besides,use Of participle in English Grammar

पानीपत का प्रथम युद्ध (1526)

अर्थ्यवस्था में प्रसिद्ध व्यक्तित्व