Perfect Market Competition And Non Perfect Market Competition

Perfect Market Competition And Non Perfect Market Competition Market Definition Characteristic Of Market Excess Market Disadvantages Markets

Perfect Market Competition And Non Perfect Market Competition The market is. . . The market is the meeting place of buyers and sellers to transact the sale and purchase of goods or services. distinguished Consumer Goods Market Production Factor Markets Perfect Market Competition Monopolistic Market Non Perfect Market Competition Monopoly Market Oligopoly Market

Characteristic Of Market Perfect Market Competition Monopolistic Market Monopoly Market Oligopoly Market Quantity of Seller Many Sellers One Sellers Some Sellers Quantity of Buyer Many Buyers Type of Goods one type of goods There is Differentiated one type of goods Product Barriers to Enter Market Free in/out market one type of goods but there is differentiated product Very difficult to enter Difficult to in/out market

Excess Market Perfect Market Competition Monopolistic Market Monopoly Market Oligopoly Market Sell goods at a price according to market prices Avoid counterfeit products and the competition is not helpful Gives freedom of choice to the buyer. Manufacturers can make higher profits Encourage manufacturers to Spur innovation and make production efficient creativity manufacturer Maintaining the stability of Able to perform research the company's sustainability and development of products. Economic activity is Buyers do not easily move healthier for the production product of free resources out Give rise to economies of scale to lower the cost of production More attention to customer satisfaction because of the competition the seller

Disadvantages Markets Perfect Market Competition Monopolistic Market Monopoly Market Oligopoly Market Reduced choice for homogenous goods The existence of fierce competition among manufacturers Inaccessible because the government regulated and Law The existence of fierce competition among manufacturers Reduced innovation is homogeneous manufacturers for goods Cost to enter and dominate Buyers do not have Frequent price wars the market monopolistic substitutes or other options expensive. Only in economic conditions ideal Efisiendinya level is relatively low , so that the price paid by consumers is relatively high Advantages centralized in one manufacturer It takes a big investment to get into the market

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