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Market Structure

Competitive Market: Characteristics and Examples

Updated on August 29, 2023 by Ahmad Nasrudin

Competitive Market Characteristics and Examples

What it's: A competitive market refers to a market characterized by intense competition in which no player has a dominant power. It is

Topic: Competition, Market Structure Category: Marketing, Microeconomics

Monopoly: Meaning, Examples, Characteristics, Causes, Advantages, Disadvantages

Updated on July 4, 2022 by Ahmad Nasrudin

Monopoly Meaning Examples Characteristics Causes Advantages Disadvantages

What's it: a monopoly is a market structure with only one seller and serving many buyers. The seller is called a monopolist. Unlike in perfectly

Topic: Competition, Market Structure, Microeconomics Category: Introduction to Economics

Imperfect Competition: Characteristics, Types

Updated on April 11, 2022 by Ahmad Nasrudin

Imperfect Competition Characteristics Types

What's it: Imperfect competition is a market structure in which sellers or buyers have market power over prices, which prevents the market from

Topic: Imperfect Competition, Market Structure Category: Introduction to Economics

Duopoly: Examples, Characteristics, Types, Implications

Updated on April 14, 2022 by Ahmad Nasrudin

Duopoly Examples Characteristics Types Implications

What's it: Duopoly is a market structure in which only two sellers (producers). This is the basic form of oligopoly competition. The two players

Topic: Duopoly, Market Structure Category: Microeconomics

Price Taker: Meaning, Characteristics, and Examples

Updated on October 14, 2020 by Ahmad Nasrudin

Price Taker Meaning Characteristics and Examples

What's it: A price taker refers to a firm that cannot influence market prices and can only set an output price at the market price. All firms in

Topic: Market Structure, Perfect Competition, Price Taker Category: Microeconomics

Herfindahl-Hirschman Index: Concept, How to Calculate, Pros and Cons

Updated on September 5, 2022 by Ahmad Nasrudin

Herfindahl Hirschman Index Concept How to Calculate Pros and Cons

What's it: Herfindahl-Hirschman Index (HHI) is a measure of market concentration. You compute it by summing the squares of each firm's market share

Topic: Herfindahl Hirschman Index, Market Structure Category: Microeconomics

Perfect Competition: Characteristics, and Implications

Updated on September 12, 2020 by Ahmad Nasrudin

Perfect Competition Characteristics and Implications

What's it: Perfect competition is a theoretical market structure concept with many companies producing identical goods or services. In other

Topic: Market Structure, Perfect Competition Category: Microeconomics

Concentration Ratio: Meaning, Formula, How to Calculate, Pros, Cons

Updated on September 5, 2022 by Ahmad Nasrudin

Concentration Ratio Meaning Formula How to Calculate Pros Cons

Concentration ratio (CR) measures the market dominance of the largest companies. We calculate this by adding up the market share of the largest

Topic: Concentration Ratio, Market Structure Category: Microeconomics

Market Structure: Meaning, Types, Characteristics, How to Determine

Updated on February 1, 2020 by Ahmad Nasrudin

Market Structure Meaning Types Characteristics How to Determine

Market structure refers to the characteristics of market organizations that determine the behavior of companies in an industry. It determines the

Topic: Market Structure, Strategic Analysis Category: Business and Strategy, Microeconomics

Market: Meaning, How It Works, Types, Structure

Updated on May 7, 2019 by Ahmad Nasrudin

Market Meaning How It Works Types Structure

What's it: A market is where buyers and sellers trade and exchange. It can refer to a physical location such as a store or an abstract location such

Topic: Market, Market Structure Category: Marketing, Microeconomics

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