Competition. Market structure

Competition. Market structure
AGENDA
Concept and essence of competition;
Types and forms of competition;
Methods of competition;
Signs of classification of market structures;
Classification of market structures.

Competition. Market structure
Aim of work: Form students ' understanding of various market models.

Competition. Market structure
Competition is a clash, a competition:
Between whom? – between manufacturers of the same type of goods and services.
For what? - for attracting as many customers as possible.
In the name of what? – for maximum profit.

Competition. Market structure
A large number of sellers
and buyers who have free market access
No barriers
(economic, legal, political social)
For mobility resources
Availability of information about
supply and demand,
prices, profit margin
Competition
For competition to occur, it is necessary:

Competition. Market structure
Types and forms of competition
By the method implementations
By industry accessories
According to the
degree freedom
Pricing
Non-price
Inside- industry
Intersectoral
Free (perfect)
Monopolist- Czech
Republic
(imperfect)

Competition. Market structure
Methods of competition:
Pricing:
Price reduction.
Discounts and bonuses.
Cheap sales.
Non-price:
Quality and reliability.
Additional guarantee.
Special design.

Competition. Market structure
Signs of classification of market structures:
the number of buyers and sellers.
product type (homogeneous, differentiated)
availability of information for all market participants about prices of all sellers and their changes;
the degree of influence of sellers (buyers)
on the price of the product.

Competition. Market structure
Classification of market structures
Perfect competition
Imperfect competition
polypoly
monopolistic
oligopoly
monopoly
monopsony