Revision Notes For Class 12 Economics Microeconomics Chapter 6 Non Competitive Markets

Chapter 6 – Non-Competitive Markets Non -competitive markets is a chapter that briefly explains the different concepts of the market. They are – meaning and definition of market, monopoly, features of monopoly, price maker, how does monopoly market structure arise?, monopolistic competition, characteristics of monopolistic competition, meaning and features of oligopoly – a few firms, large number of buyers, entry barriers, non price competition, firm’s demand curve, shape of demand curve under different market situations, impossible to determine firm’s demand curve.

Class 12 Economics Chapter 6 - Non-Competitive Markets
Class 12 Economics Chapter 6 - Non-Competitive Markets

Practise This Question

Which of the following uses the most water worldwide?

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