33574359
Description
Mind Map by ERIKA MORAN, updated more than 1 year ago
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Created by ERIKA MORAN
over 2 years ago
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Market rates by
establishment of
competition
- monopoly
- the demand is wide
- pioneer in setting prices
because they have no
competition
- example: gas companies are unique
in the country, one seller many
buyers
- example: gas companies are unique
in the country, one seller many
buyers
- pioneer in setting prices
because they have no
competition
- the demand is wide
- duopoly
- two production companies that control the whole of a market jointly set its prices
- cournot model
- works by attending to the bidding
decisions of your competition
- works by attending to the bidding
decisions of your competition
- Bertrand model
- works independently
- works independently
- cournot model
- two production companies that control the whole of a market jointly set its prices
- oligopoly
- is interdependent between the decisions to be made
- in the company there is the variable of making decisions that can be both in quantity and in prices
- it is homogeneous
- concentrated
- same similar products features
- same similar products features
- differentiated
- same product, different characteristics
- same product, different characteristics
- concentrated
- it is homogeneous
- in the company there is the variable of making decisions that can be both in quantity and in prices
- is interdependent between the decisions to be made
- perfect competition
- firms manage the
equilibrium price
- is the most
transparent market
- homogeneous products
- facilitate the access of any company
to the industry as its exit
- facilitate the access of any company
to the industry as its exit
- homogeneous products
- is the most
transparent market
- firms manage the
equilibrium price
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