CHAPTER 4 Flashcards
(26 cards)
BULKY ITEMS AND PERISHABLE ITEMS KI MARKET??
LOCAL MARKET
REGIONAL MARKET
ASAAAMNE SAARE, YEWLE TEA , KASHMIRI KAHWA ETC
NATIONAL MARKET
HINDI BOOKS ( GIVEN IN MODULE)
INTERNATIONAL MARKET
HIGH VALUE LIKE ( GOLD AND SILVER)
SMALL BULK
( EVEN AAJKAL MODERN WORLD MEI PERISHABLE GOODS KI MARKET INTERNATIONAL MARKET HAI )
ULTIMATE CONSUMERS KI MARKET
TRADERS KI MARKET
RETAIL MARKET
WHOLESALE MARKET
VERY LONG PERIOD MARKET
SECULAR MARKET
e=1
e>1
e<1
0
POSITIVE
NEGATIVE
MC= MR
EQULIBRUM
TOTAL REVENUE/( PRICE) =
TOTAL VARIABLE COST
AVERAGE VARIABLE COST
jab ek firm ko apna production continue kara hota hai
SHUTDOWN PRICES
1)TR < AVC
2) TR= AVC ( kyuke saare cost hi variable cost honge)
1) SHORT RUN
2) LONG RUN
PERFECT COMPETITION
1) LARGE NO OF BUYERS AND SELLERS
2) HOMOGENOUS PRODUCT
3) FREE ENTRY AND EXIT
AGRICULTURAL GOODS MARKET KE CHARACTERS ARE SIMILAR TO
PERFECT COMPETITION ( MODULE MEI HAI MEI KYA KARU)
MR= AR
ONLY IN PERFECT COMPETITION
LONG RUN KE ANDAR EK PERFECT COMPETITION MARKET MEI SIRF
NORMAL PROFIT HOGA
P= AC
AR> MR
IN MONOLY MARKET
SLOPE OF MR =
2 TIMES OF AR
the slope of MR curve is twice of AR (IMP)
AR CURVE IS ALSO KNOWN AS
DEMAND CURVE
MR= MC
MONOPOLY MARKET
PRICE DISCRIMINATION IS RELATED TO
( IN MONOPOLY WALA)
1) TIMINGS
2) SIZE OF PURCHASE
3)INCOME
and above all
3rd DEGREE OF PRICE DISCRIMINATION
BASIS OF LOCATION
SEGMENT OF CONSUMERS
PRODUCTIVE EFFICENCY
ALLOCATIVE EFFICENCY
EQULIBRIUM
MC= AC
MC=AR/ PRICE
MC=MR
TALCUM POWDER IS AN EXAMPLE OF
IMPERFECT OLIGOPOLY/ IMPURE
OPEC
example of INTERNATIONAL OLIGOPOLY
