University of Kashmir : 2nd Semester PDF Notes of Economics Download Here

    

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University of Kashmir : 2nd Semester  PDF Notes of Economics Download Here

University of Kashmir : 2nd Semester  PDF Notes of Economics Download Here

Before Downloading The PDF, it is also recommended to review your latest syllabus at Kashmir University website. 
In this Article I will provide you  University of Kashmir : 2nd Semester PDF Notes of Economics Download Here
Imperfect competition 
Definition: Imperfect competition is a market situation where there 
are many sellers, but they are selling heterogeneous (dissimilar) goods 
as opposed to the perfect competitive market scenario. As the name 
suggests, competitive markets that are imperfect in nature. 
Description: Imperfect competition is the real world competition.
Today some of the industries and sellers follow it to earn surplus 
profits. In this market scenario, the seller enjoys the luxury of 
influencing the price in order to earn more profits. 
If a seller is selling a non -identical good in the market, then he can 
raise the prices and earn profits. High profits attract other sellers to enter the market and sellers, who are incurring losses, can very easily
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