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.

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