Competitive And Concentrated Markets
Akopọ
Walk down a street with eleven food stalls and you will find eleven prices within a few cents of each other. Walk into a country where one company supplies all the electricity and there is one price, take it or leave it. The good being sold is not what makes the difference. The number of sellers is.
This lesson is about market structure: how many producers there are, how different their products are, and how easy it is for a new firm to walk in. You will learn what happens to price, choice, quality and profit as a market moves from many sellers to very few, why a monopolist can do things a market trader cannot, and what an oligopoly is. Then you will apply demand and supply to a market you have not yet analysed with them: the market for labour, where the price is a wage, and where the same tools explain why a surgeon earns many times what a shelf-stacker does.
Awọn Afojusun
- Identifying market structures
- Competitive markets
- The main characteristics of a competitive market
- The impact of competitive markets on price and choice
- The economic impact of competition on producers and consumers
- Non-competitive markets
- The main characteristics of a non-competitive market
- The impact of non-competitive markets on price and choice
- Monopoly and oligopoly
- The labour market
- The role and operation of the labour market
- Determination of wages through supply and demand
Àwòrán ọpọlọ
A ti ṣe àwòrán kókó yìí kí o lè rí bí àwọn èrò ṣe so pọ̀.
Ṣí àwòrán ọpọlọ nínú áàpù
Káàdì ìrántí
Ìdánrawò kíákíá lórí ohun tí wọ́n ń dán wò nínú kókó yìí.
Ṣe ìdánrawò káàdì wọ̀nyí nínú áàpù
Akọ̀wé Ẹ̀kọ́
Àkọsílẹ̀ Ẹ̀kọ́ Pípé wà lórí Ohun Èlò Green Bridge
Gba ohun èlò Green Bridge CBT sórí fóònù tàbí kọ̀mpútà rẹ fún gbogbo ilé ìkàwé IGCSE: ìwé ìdánwò àtijọ́, ìlànà ìdíwọ̀n, àwòrán èrò, káàdì ìkẹ́kọ̀ọ́ àti ẹ̀kọ́ ohùn.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Competitive And Concentrated Markets. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- In which occupations will wages tend to be highest? In those where: A. workers are in excess demand B. workers are paid weekly C. workers need little training D. workers require few qualifications Answer: A
- Which of the following is a characteristic of a competitive market? A. A single producer sets the price B. Barriers to entry are high C. Many firms sell similar products and none can influence the price D. Products are heavily differentiated by patents Answer: C
- A market is dominated by four large firms that watch each other's prices closely. What is this market structure called? A. A competitive market B. A factor market C. A monopoly D. An oligopoly Answer: D
- Total sales in a market are $400 million and the largest firm sells $140 million. What is its market share? A. 2.9% B. 26.0% C. 35.0% D. 65.0% Answer: C
- Which of the following would be most likely to raise the equilibrium wage of nurses? A. A fall in the demand for health care B. A large increase in the number of qualified nurses C. A reduction in the training required to qualify D. An increase in government spending on hospitals Answer: D
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Ṣiṣẹ́ lórí àwọn ìbéèrè wọ̀nyí nínú ohun èlò náà
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ẹ̀kọ́ síwájú láti àwọn orísun ṣíṣí
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Abala ìwé ẹ̀kọ́
Perfect Competition and Why It Matters
Explain the characteristics of a perfectly competitive market
"Principles of Economics 2e: Perfect Competition and Why It Matters" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/8-1-perfect-competition-and-why-it-matters. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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Abala ìwé ẹ̀kọ́
Demand and Supply at Work in Labor Markets
Predict shifts in the demand and supply curves of the labor market
"Principles of Economics 2e: Demand and Supply at Work in Labor Markets" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/4-1-demand-and-supply-at-work-in-labor-markets. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
Àwọn àjọ mìíràn ló tẹ̀ wọ́n jáde lábẹ́ ìwé àṣẹ ṣíṣí, a sì dá wọn lọ́lá bí wọ́n ṣe béèrè. Àwọn ìjápọ̀ ń ṣí ojú òpó wọn.
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Competitive And Concentrated Markets? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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