Concept Tour Market 市場 Market Structure 市場絀 Pefect Competition Imperfect Competition 完全競手 不完全競争 gop Monopolistic Competition 壟斷 寡頭壟斷 壟斷性競争
Concept Tour Perfect Competition 完全競爭 Monopoly 壟 斷 Oligopoly 寡頭壟斷 Monopolistic Competition 壟斷性競爭 Imperfect Competition 不完全競爭 Market Structure 市 場 結 構 Market 市 場
What is a" MARKET”??
What is a “MARKET” ?
What is a" MARKET”?? In economics. a market is defined as a context in which exchange of goods and services between sellers and buyers takes place a Market exists whenever a transaction is made
What is a “MARKET” ? In Economics, a Market is defined as a context in which exchange of goods and services between sellers and buyers takes place. A Market exists whenever a transaction is made
Perfect Competition Four features 1. Large No of buyers Sellers 2. Homogeneous Products 3. Free entry Exit 4 Perfect market Information
Four features: 1. Large No. of Buyers & Sellers 2. Homogeneous Products 3. Free Entry & Exit 4. Perfect Market Information
Perfect Competition Large No of Buyers Sellers the action of an individual buyer or seller is unable to affect the market price KREY x Buyers Sellers
Large No. of Buyers & Sellers • the action of an individual buyer or seller is unable to affect the market price Buyers Sellers
Perfect Competition Homogeneous Products the products in the market must be dentical in the eyes of consumers
Homogeneous Products • the products in the market must be identical in the eyes of consumers
Perfect Competition Free Entry and Exit Firms are free to entry or leave the market Welcome to Perfectly Competitive Market Exit!!
Free Entry and Exit • Firms are free to entry or leave the market Welcome to Perfectly Competitive Market Entry!! Exit!!
Perfect Competition Perfect market Information buyers Sellers know all market information about goods e.g Price Quality Quantity
Perfect Market Information • Buyers & Sellers know all market information about goods e.g. Price Quality Quantity
Perfect Competition EXample: The stock exchange is a close example
Example: • The stock exchange is a close example
