To derive profits. As everyone's favorite merchants. One thing must be the buyer and seller agree to exchange goods and services that is "market" The market does not need to meet face to face. The power of technology in the age of globalization. That can connect with the people around the world. So the market has not even met each such exchange. In economics, the market is perfectly competitive market can be divided into two categories. Imperfect competition and
perfect competition market is ideal for efficient resource allocation is the most important characteristics of a perfectly competitive market, there are a large number of buyers and sellers on. When buyers and sellers to change volume production quantities will not affect the market price. That is the Price taker, product exactly as is, or can replace it completely, free entry and exit, because the barriers to entry into the market. In a perfectly competitive market, buyers and sellers have perfect information about the market knows that the channels of distribution. With these characteristics make each producer in a perfectly competitive market can not Profit is the product of a fully competitive market, such as agricultural products such as fruits, vegetables, meat or chicken stock and foreign exchange
markets, imperfect competition. There are 3: 1 marketing monopoly, which is the opposite. Perfectly competitive market, it is just one more way for different items with high barriers to entry, such as in some products with very high production costs, manufacturers are not able to attend. Production, such as the electricity network to supply these sectors require economies of scale makes it a little producers unable to compete on price, the so-called natural monopolies and the customer that is the only manufacturer so little interest in the subject. manufacturing efficiency and profit maximization, how much attention do so only on the market. Monopoly is a Profit in economics is effective to produce a so-called dead weight-loss 2 market semi-competitive monopoly included a seller many different items, but can be replaced, but not completely imperfect substitute free entry. and exit the market is trying to make a difference to their own products, such as rice, chicken, some shops. It would make a point to myself as a cartoon chicken is the logo of the store. Select a store location in the city center makes this monopoly power producers will be able to set higher prices Chicken the other, but if the price is too high. Switch to substitute other consumer goods are cheaper than the market in the form. The semi-monopolistic competition is common as restaurants, hair salon, coffee shop, etc. 3 oligopoly market looks like. The number for 2 to 3 people who control most of the market share is relatively high barriers to entry into the market makes a new production unit can not compete due to the economy because of the size or the subject of copyright. Or yogurt strategic action the product market competition monopoly include cement Thailand PTT Toyota Motor Co., Sony
, we study the market with the aim to distinguish the product that the product is expensive. What are some of the products Why are some products of the same brand competitors such as water supply, why not, why has not a single government, because water is a monopoly in the market with high barriers to entry into the market is changing from very high doses. Manufacturer would do this to pipe water to bathe the whole country to produce clean water to each village, which amounts to the cost of production is very high, so there is going to compete with the Metropolitan Waterworks. I played it and categorized the market yet, we know that the market is more efficient in production. High or low, however, in a perfectly competitive market is efficient in full production in the market monopolies are inefficient to produce enough
of the market share in four categories, each one is different and may have some manner. which the economist would be used to describe the theory perfectly competitive market such as the production cost of revenues, profits, market structure factor. With features that make it easy to complete the race. To understand, and when we have a good basic education in the competitive market is not difficult to complete. By appointment Gyu Sent from my iPhone.
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