Market Structures and Price Determination · Markets

Non-Competitive Markets

Understanding monopolies, monopolistic competition, and oligopolies.

Key Questions

  1. 1How do monopolies impact consumer welfare and wealth distribution?
  2. 2What incentives lead firms in an oligopoly to collude rather than compete?
  3. 3How does product differentiation create market power for small businesses?

CBSE Learning Outcomes

CBSE: Non-Competitive Markets - Monopoly, Monopolistic Competition and Oligopoly - Class 11
Class: Class 11
Subject: Economics
Unit: Market Structures and Price Determination
Period: Markets

Suggested Methodologies

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The theoretical model of a market where no single buyer or seller can influence the price.

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