Differences imperfectly competitive market
Differences imperfectly competitive market
Imperfectly competitive market to differentiate into:
- Market monopoly, the market is fully in control of the seller. Example: master PLN electricity in Indonesia.
Characteristic features :
- There are one seller and many buyers
- Price is determined by the seller
- No other items that can replace the that in buying and selling right.
- There are hurdles for new sellers who want to enter.
Cause raised its market monopoly
- Set by the government under the legislation.
- Incorporation of various companies
- There are patents on his work.
Barriers that occur in the market monopoly
- Pricing low
- There is his ownership of the patents or copyrights and exclusive rights.
- Strict supervision of agents and distributors
- The existence of very large economies of scale
- Having a unique resource
duopoly market
The market is controlled by two sellers. Example: Caltex and Pertamina controlling oil.
Characteristic features :
- There are two sellers and buyers
- Price is determined by the parties by the two sellers.
oligopoly market
The market is controlled by some sellers. Example: Honda, Suzuki, Yamaha, and Kawasaki motorcycles master.
Characteristic features :
- There are few sellers and many buyers
- Buying and selling goods in the nature of a kind
- There are barriers for new sellers
- To their mutual dependency
- The use of very intensive advertising
market monopolistic
a market where there are many manufacturers who sell the same product but with a wide variety.
Characteristic features :
There are many manufacturers
- Goods in buying and selling the same thing but with a wide variety
- Their convenience for a new manufacturer to offer its products
- Always open the opportunity to create competition.
monopsony market
Ie markets where there are many sellers but only one buyer
Characteristic features :
- There are many manufacturers
- Buyers only one
- The producers are competing hard to provide excellent service and low prices.
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