Price Discrimination in Economics
Price descrimination as the different price charged by the seller (firm) to different buyers. It is an activity by a firm with at least some monopoly power to charge different prices to different buyers in…
Non-Collusive Oligopoly (Kinked Demand Curve Model)
First read the ⇒ Collusive Oligopoly Non-Collusive Oligopoly In the non-collusive oligopoly market, firms do not have the information about the exact strategy of any of the rival firms. It is a situation like a…
Public Enterprise in Nepal – Concept, Objectives, Current Status
Concept of Public Enterprise in Nepal Public Enterprises (also called SOSs – state-owned enterprises) are those institutions that are partially or fully owned by the state. These organisations are established, owned, and managed wholly or…
Sangathit Sanstha 4th Level Pretest Exam Schedule
According to the previously published advertisements of Rastriya Banijya Bank Limited (RBBL), Agricultural Development Bank Limited (ADBL), and Nepal Bank Limited (NBL), a notice has been published regarding the written examination schedule for the open…
Price and Output Determination Under Monopolistic Market
It is the market structure where there is a large number of buyers and sellers and a differentiated but closed substitute product. Though the number os buyers and sellers is large, there is some degree…
Price and Output Determination Under Monopoly Market
It is the market structure where there is a single seller and a large number of buyers, a unique product that does not have any close substitutes, and barriers to entry. Being a single supplier,…
Price and Output Determination Under Perfect Market
Perfect Market It is the market structure where a large number of buyers and sellers, with homogeneous products, are present. The number of buyers and sellers is so large that there is a complete absence…
Modern Theory of Cost
Proposed by or based on George Stigler (in 1939) The traditional theory of cost was criticized both theoretically and empirically by the modern theory, which argues that the average cost, both in the short run…
Cost Approach vs Resource Approach of Production Planning
1) Cost Approach of Production Planning: This approach of production planning aims to minimize the cost. If the output is given ot pre-determined, then the objective of the firm is to minimize the cost and…