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MARKET STRUCTURE

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MICRO-ECONMICS
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MARKET STRUCTURE
INSTRUCTOR NAME: ________
STUDENT NAME: _____________________
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MARKET STRUCTURE
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Abstract
In this paper we discuss thoroughly about market and its structure. We also describe what
changes are comes in different models. We discuss in detail the types of market models. We
discuss the examples that are related to market models. We also discuss about Price of elasticity
of demand. We discuss them in the context of international trade. And role of government is also
under discussion in this paper. Although it is subject of Macro Economics but we narrate its
short role in market structure.
Keywords: analysis; market structures; market models.

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 Abstract In this paper we discuss thoroughly about market and its structure. We also describe what changes are comes in different models. We discuss in detail the types of market models. We discuss the examples that are related to market models. We also discuss about Price of elasticity of demand. We discuss them in the context of international trade. And role of government is also under discussion in this paper. Although it is subject of Macro Economics but we narrate its short role in market structure. Keywords: analysis; market structures; market models. 1. Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure. Answer: All firms that belong to market want to maximize their profits at their output level. And we get profit where MR=MC. Firms operate in large environments these environments construct on different market conditions, so firms behave differently according to market conditions. In order to analyze their behavior, economists identified characteristics of the firm w.r.t. market nature and conditions. Economist divides market structure into four categories like perfect competition, monopolistic  competition, oligopoly, and monopoly. The features of each market relate to different  demand curves that faced firms in different category. To identify market structure attribute we include figures of fir ...
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