Market Structure

Definition:
The interconnected characteristics of a market, such as the chassis and relative strength of buyers and sellers and degree of collusion among them, level and forms of aspiration, extremity of product differentiation, and ease of entry into and exit from the market

1. processed argument:

The market consists of buyers and sellers trading in a uniform trade good such as wheat, copper, or financial securities. No iodine buyer or seller has oft effect on the going market price. A seller can non change much than the going price, because buyer can obtain as much they need at the going price. In a purely competitive market, marketing research, product development, pricing, advertising, and sales promotion renovate little or no role. Thus, sellers in these markets do not spend much time on marketing strategy.

2. Pure monopoly

In economics, an industry with a single firm that produces a product, for which on that point are no close substitutes and in which square barriers to entry prevent other firms from entering the industry to vie for profit is called pure monopoly. Example: When the City carrel ready service company original started their business in Bangladesh, they were the save mobile service provider then. Before the GrameenPhone came into the market, they enjoyed pure monopoly. on that point are two types of pure monopoly:
1.




Regulated monopoly
2
. No set monopoly
Regulated monopoly:
The government permits the company to set rates that volition yield a fair return. Example: designer Company.
No regulated monopoly:
Company is free to price at what the market will bear. Example: City Cell ( When it first introduced mobile service in Bangladesh).

2. Monopsony:

This is the market situation where there is whole one buyer in the market. When City Cell first introduced mobile service network in Bangladesh, they were the only mobile phone and its accessories buyer from Nokia and Motorola in Bangladesh.

3. Monopolistic competition:

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