Nigerian Scholars » Tutorials » Economics » Market Structures

Market Structures

12 Lessons 15 mins

Topics:

a. Perfectly competitive market:
i. Assumptions and characteristics;
ii. Short-run and long-run equilibrium of a perfect competitor;
b. Imperfect Market:
i. Pure monopoly, discriminatory monopoly and monopolistic competition.
ii. Short-run and long-run equilibrium positions.
c. Break-even/shut-down analysis in the various markets.

Objectives:

Candidates should be able to:

(i) analyse the assumptions and characteristics of a perfectly competitive market;
(ii) differentiate between short-run and long-run equilibrium of a perfectly competitive firm;
(iii) analyse the assumptions and characteristics of imperfect markets;
(iv) differentiate between the short-run and long-run equilibrium of imperfectly competitive firms;
(v) establish the conditions for the break- even/shut down of firms.

You are not currently logged in and you are encouraged to login or register before you continue, so that you can track your progress.

Log In