CEOs need an understanding of the structure of competition in their industries as business decisions of their firms are to be oriented to competition in their industry.
Joel Dean included the article "The Nature of Competition" by Clair Wilcox in this chapters.
The types of competition discussed in the paper are:
Perfect competition
Pure competition
Imperfect competition
Monopolistic competition
Non-price competition
Oligopoly
Cutthroat or destructive competition
Predatory or discriminatory competition
Unfair competition
Fair competition
Potential competition
Effective or workable competition
Reference
Managerial Economics by Joel Dean
Originally posted at
http://knol.google.com/k/narayana-rao/economics-of-competition-economics-for/2utb2lsm2k7a/3052
No comments:
Post a Comment