PPT-Unit 4 : Market Structures

Prof Prasanna Shembekar Determinants of Market Structure Number and nature of sellers Competition Number and nature of buyers Nature of product Entry and exit conditions Economies of scale . Slide 2 presents a table that can be printed for each student. For best results, use "landscape" page orientation.. Slides 3 through 10 plots and draws marginal revenue, marginal cost, average total cost, and average revenue (demand), respectively.. KEY CONCEPT. A market structure is an economic model that helps economists examine the nature and degree of competition among businesses in the same industry.. WHY THE CONCEPT MATTERS. The level of competition in a market has a major impact on the prices of products. The more sellers compete for your dollars, the more competitive prices will be.. Despite sluggishness in the sales of automotive vehicles in the past, the automotive tire market growth remained buoyant registering a CAGR of 4.2% during the 2012-2016 period. The PBT marketplace continues to witness introduction of new polymer formulations or innovative integration of PBT with other materials. Automotive manufacturers across the globe are looking for light-weight materials to develop light-weight vehicles. This is resulting in advancement in metal coatings technology. Worldwide sales of lithium-ion battery pack were valued at US$ 115 Bn in 2018, with demand upheld by the advent of disruptive technologies such as smart grid storage, electric vehicles, data centers, and others. Tier 1 market players will continue to witness optimistic growth aspects with their orientation toward expansion of production capacities. The polyphenylene sulfide (PPS) resins market is thoroughly studied in terms production, consumption and application-wise utilization. Advanced ceramics market place is fragmented with the stronghold of mid- and small-sized as well as emerging market players. Sales of robotic end of arm tools witnessed growth at a rate of over 8% from 2013 to 2017. In line with growing demand for industrial robots, robotic end of arm tool sales are set to witness sheer proliferation. The bridge cable sockets market is likely to be driven by the burgeoning demand for sophisticated infrastructure in developed and developing economies. Growing awareness about the lower costs of HVAC systems operations in addition to the improving efficacy of the products is causing a widespread adoption of HVAC systems in residential as well as commercial buildings. Conformal coating manufacturers are increasingly marketing their products as ways to enhance the performance of PCBs. Homologous structures. Human Arm . Bat Wing . Whale Flipper. . Analogous. Structures . Similar functions but NOT structurally related. . Insects are arthropods and birds are vertebrates. . The wing of a bird and the wing of a butterfly are examples of .