Different Types Of Market Forms Essay - 1809 Words

INTRODUCTION IN THE BELOW PROJECT I HAVE STUDIED AND GIVEN A REPORT ON DIFFERENT TYPES OF MARKET FORMS THEIR CHARACTERSTICS AND HOW THEY ATTAIN EQUILLIBRIUM OR MAXIMISE THEIR PROFIT IN SHORT RUN AND LONG RUN EQUILLIBRIUM . THE PROJECT HAVE BEEN RESEARCHED UPOMN BY THE METHODS OF BOOKS AND CERTAIN TOPICS ONLINE FRON THE INTERNET Perfect competition Characteristics of perfect competition 1. There are large no of sellers i.e. producers in the market /industry producing a commodity 2. The firms or sellers produce exactly similar products . Hence, we can say that under perfect competition there is production of homogeneous products. 3. With large of sellers there are also large no of buyers in the market 4. The sellers under this market are price takers bcoz of large no. of sellers. Therefore, there is no particular seller have influence on market price i.e. price of the commodity is taken as given 5. There are no barriers to the entry or exit of such kinds of markets CONCEPT OF REVENUE Total revenue = PÃâ€"Q The amount earned by selling the q no of products at certain price p where p is the price of commodity and q is the quantity sold Average Revenue It is the revenue earned per unit of output sold A.R = T.R./Q PÃâ€"Q/Q =P HENCE A.R =P Marginal Revenue It is the increase in total revenue obtained by each additional unit of good / output M.R. =T.R.(n+1) - T.R.( n) Profit maximization The firms profitShow MoreRelatedEbay Bids for Structured Change Essay example1300 Words   |  6 Pages Case Study Answers EBay started out with a U form, or functional, design. What changes in that design have already occurred as a result of the company’s growth? What kind of changes seem likely for the future? †¢ One of the first things we need to look at is what the u-form design is. 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