economics
Tuesday, November 23, 2010
Criticisms.
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The MPT of wag has criticized by many economists, Prominent among them are Samuelson , Keynes, Frasher , Barbara Wootton . The main critic...
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Monday, November 1, 2010
Concept of factor pricing
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The theory of factor pricing is also called the theory of distribution.Distribution is one of the important divisions of economics. ...
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Friday, October 22, 2010
Meaning of monopolistic competition.
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Historical perspective: There existed only two forms of market in late 1920s and early 1930s - perfect competition and monopoly. There was...
Comparition of Monopoly with Perfect Competition.
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Perfect competition and monopoly are two extremes of market structure. They are polar opposites. Both of them cannot be found in the real wo...
Wednesday, October 6, 2010
Conditions or requirments for price discrimination.
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A profitable and effective price discrimination needs the following conditions to be fulfilled : Monopoly firm : The firm should be a monopo...
Monday, October 4, 2010
Discriminating Monopoly or Price Discrimination.
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In simple monopoly,the seller changes uniform price for all of output or changes same price to all customers.But if he changes different pri...
Conditions necessary for pure monopoly.
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The following conditions are necessary for pure monopoly : Single seller : There exist only one seller or producer of the product.He has c...
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