PPT - Price Putput Determination CA Foundation Notes | EduRev

Business Economics for CA Foundation

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CA Foundation : PPT - Price Putput Determination CA Foundation Notes | EduRev

 Page 1


CPT Section C General Economics Chapter 4 Unit 3                                                            
Monopolistic Competition  
& Oligopoly 
Ms.Prem J.Bhutani 
Page 2


CPT Section C General Economics Chapter 4 Unit 3                                                            
Monopolistic Competition  
& Oligopoly 
Ms.Prem J.Bhutani 
Definitions and Descriptions of Monopolistic Competition  
Product Differentiation 
Profit Maximization in Short-Run and Long-Run 
Meaning of Oligopoly competition 
Types and Characteristics of Oligopoly 
Kinked Demand Curve Analysis 
Page 3


CPT Section C General Economics Chapter 4 Unit 3                                                            
Monopolistic Competition  
& Oligopoly 
Ms.Prem J.Bhutani 
Definitions and Descriptions of Monopolistic Competition  
Product Differentiation 
Profit Maximization in Short-Run and Long-Run 
Meaning of Oligopoly competition 
Types and Characteristics of Oligopoly 
Kinked Demand Curve Analysis 
•Meaning 
•Features 
Page 4


CPT Section C General Economics Chapter 4 Unit 3                                                            
Monopolistic Competition  
& Oligopoly 
Ms.Prem J.Bhutani 
Definitions and Descriptions of Monopolistic Competition  
Product Differentiation 
Profit Maximization in Short-Run and Long-Run 
Meaning of Oligopoly competition 
Types and Characteristics of Oligopoly 
Kinked Demand Curve Analysis 
•Meaning 
•Features 
Meaning 
• On one extreme is the Perfect Competition model 
• On the other extreme is the Monopoly Model 
Monopolistic Competition & Oligopoly are competitive 
scenarios that lie between these two extremes 
Page 5


CPT Section C General Economics Chapter 4 Unit 3                                                            
Monopolistic Competition  
& Oligopoly 
Ms.Prem J.Bhutani 
Definitions and Descriptions of Monopolistic Competition  
Product Differentiation 
Profit Maximization in Short-Run and Long-Run 
Meaning of Oligopoly competition 
Types and Characteristics of Oligopoly 
Kinked Demand Curve Analysis 
•Meaning 
•Features 
Meaning 
• On one extreme is the Perfect Competition model 
• On the other extreme is the Monopoly Model 
Monopolistic Competition & Oligopoly are competitive 
scenarios that lie between these two extremes 
Features of Monopolistic Competition and 
Oligopoly will emulate either Perfect 
Competition or Monopoly 
• Power to set prices somewhat like a monopoly 
• Face competition like perfect competition 
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