Firms’ behavior in conditions of imperfect competitive environments

This article deals with the analysis of market structure on the imperfect competitive market, measuring market power, its effect on the price of products and reasons for origin of imperfect competition at the market. Described are the market conditions issues and possibilities of their manufacturing...

Full description

Bibliographic Details
Main Author: Ján Kantor
Format: Article
Language:English
Published: Technical University of Kosice 2007-12-01
Series:Acta Montanistica Slovaca
Subjects:
Online Access:http://actamont.tuke.sk/pdf/2007/n4/11kantor.pdf
Description
Summary:This article deals with the analysis of market structure on the imperfect competitive market, measuring market power, its effect on the price of products and reasons for origin of imperfect competition at the market. Described are the market conditions issues and possibilities of their manufacturing influence on the market price with graphical expressions. Prices are higher and capacity of production is lower. It characterizes monopoly, oligopoly, and monopolistic competition. With its content it expresses, that imperfect competitive environment differs from perfect competition environment disparity of demand curve and in the market economics it has a more frequent application.
ISSN:1335-1788