Asian Journal of Multidimensional Research (AJMR)

The book is written at an intermediate level and is designed for under graduate micro theory course. It makes readers to easily comprehend with such enlisted features. Some of them are as follows-The market demand and the market supply define the equilibrium of the industry. The revenue and cost of the firm and the demand and supply of the market determine the market price and the output of both the firm and the industry. The remaining five sections of part two are devoted to the examination of the behavior of the firm in oligopolistic market structures. Almost all textbook on micro economics stop at the theory of the kinked demand curves. Even the classic oligopoly models conclusions, collusion and price leadership are dealt with inadequately in most textbook Book is written at an intermediate level and designed for and under graduate micro theory course. For these predictions, all these aspects of a competitive behavior must be examined simultaneously so that in all model one can fixed realism, contribution to the improvement of knowledge of decision making process of the firm of real world, given internal constraints.