the most interesting thing i want to tell to all economics lover.
there are 4 market structures: perfect competition, monopolistic competition, monopoly and oligopoly.
In case of monopoly the supply curve doesn't exist i like this abut monopoly the most.
in the case of monopoly supplier has every thing to do, he can change prices, he can alter the amount the amount of supply and even he can affect the demand of consumers.
so finally the condition for supply curve is: there must be one to one relationship between prices and quantity supplied, in case of monopoly this one to one relationship doesn't exist.
but what should be the real and prevailing system of market is perfect competition because it is a type of free and independent market. no one can exploit on the basis of extra information and more supply even can't play its role in changing prices to large extent.
there are 4 market structures: perfect competition, monopolistic competition, monopoly and oligopoly.
In case of monopoly the supply curve doesn't exist i like this abut monopoly the most.
in the case of monopoly supplier has every thing to do, he can change prices, he can alter the amount the amount of supply and even he can affect the demand of consumers.
so finally the condition for supply curve is: there must be one to one relationship between prices and quantity supplied, in case of monopoly this one to one relationship doesn't exist.
but what should be the real and prevailing system of market is perfect competition because it is a type of free and independent market. no one can exploit on the basis of extra information and more supply even can't play its role in changing prices to large extent.
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