Saturday, September 15, 2018

Who am I??


Type of market
Examples
1
Perfect Competition
a)  Paints industry like Asian paints, Nerolac, etc... where the nature of products is Homogeneous.
b) Foreign currency Exchange
c)   Stock markets
2
Monopolistic competition
a)    McDonalds which is into the field of fast foods (with many firms like KFC, Subway, etc.. in the field) which has close substitutes to the items but not perfect substitutes.
b)   Green trends (Salon)
3
Oligopoly
a)  Airlines, where the nature of services are homogeneous but have entry barriers & no. of firms in that field are less.
b) Medical stores like Apollo, cipla, glenmark, etc..
4
Monopoly
a)    ISRO, where the nature of service is unique & restricted one & it’s the only firm in the industry.
b)   Railways
c)     Municipal corporations

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