H2 Economics Only
Market structures in economics deals with the organisational characteristics of a market. It is categorized into 4 broad categories, perfect competition, monopolistic competition, oligopoly and monopoly. These characteristics give us a clear idea of how firms operating in such markets operate. Students must be well versed in the behaviours and characteristics of firms operating in the respective markets.
In our economics tuition, this jc economics note provides a good understanding on the concept of price discrimination and the three degrees of price discrimination. What is price discrimination? Examine price setting behaviour of firms In technical terms, price...read more
Economics Tuition: Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country
Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country.  Introduction Firms in most industries in Singapore face an imperfect market condition and the pricing behaviours...read more
Compare the features of monopoly and perfect competitive firms. Introduction State that the perfect competition differs from the monopoly as there are perfect market information and mobility of resource in the perfect market competition while there are imperfect...read more
Economics Tuition: Using economic theory, explain how firms in imperfect markets determine price that would maximize profits
Using Economic theory, Explain how firms in imperfect markets determine price that would maximize profits. Introduction Imperfect market structures are market structures that have imperfect market information and immobility of factors of production. The firms under...read more