CPT Chapter Price determination

CA CPT Exam  

With Bharat Galani.Duration:4hrs15 min

Price Determination under different market Duration (min:sec)
Introduction to different market forms  
{modal https://www.youtube.com/embed/KbXbmCur2h0?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 01:16
{modal https://www.youtube.com/embed/2cDd6k4azcU?autoplay=1;rel=0|width=780|height=439|title=Types of Competition}Types of Competition{/modal} 07:13
Perfect Competition (PC)  
{modal https://www.youtube.com/embed/c8XuRwhdJgw?autoplay=1;rel=0|width=780|height=439|title=Introduction to PC}Introduction to PC{/modal} 01:34
{modal https://www.youtube.com/embed/nSMkPPHI7AQ?autoplay=1;rel=0|width=780|height=439|title=Features of PC}Features of PC{/modal} 10:34
{modal https://www.youtube.com/embed/uGM7rNPF6ho?autoplay=1;rel=0|width=780|height=439|title=How is Price Fixed under PC}How is Price Fixed under PC{/modal} 08:20
{modal https://www.youtube.com/embed/ParJ6eukSbk?autoplay=1;rel=0|width=780|height=439|title=AR & MR Curve }AR & MR Curve {/modal} 14:31
{modal https://www.youtube.com/embed/-qXRlC_CqD8?autoplay=1;rel=0|width=780|height=439|title=Equilibrium under PC}Equilibrium under PC{/modal} 09:07
{modal https://www.youtube.com/embed/5sRwmDa19bo?autoplay=1;rel=0|width=780|height=439|title=Supply Curve under PC}Supply Curve under PC{/modal} 06:39
{modal https://www.youtube.com/embed/nh44ouhDuWs?autoplay=1;rel=0|width=780|height=439|title=Can competitive firm earn profit}Can competitive firm earn profit{/modal} 05:50
{modal https://www.youtube.com/embed/yjl3b4V7Fs4?autoplay=1;rel=0|width=780|height=439|title=Supernormal profits}Supernormal profits{/modal} 06:01
{modal https://www.youtube.com/embed/SKLtCG0z3Zk?autoplay=1;rel=0|width=780|height=439|title=Normal Profit}Normal Profit{/modal} 06:48
{modal https://www.youtube.com/embed/YJefL2zrMJI?autoplay=1;rel=0|width=780|height=439|title=Loss under PC}Loss under PC{/modal} 06:53
{modal https://www.youtube.com/embed/LQtin1gSVqM?autoplay=1;rel=0|width=780|height=439|title=Firm's Long run Equilibrium}Firm's Long run Equilibrium{/modal} 12:20
{modal https://www.youtube.com/embed/resY36ASTXw?autoplay=1;rel=0|width=780|height=439|title=Industry Long run Equilibrium}Industry Long run Equilibrium{/modal} 09:53
{modal https://www.youtube.com/embed/jhJt5EUEpsg?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 04:23
{modal https://www.youtube.com/embed/Ro71KNgxqQ4?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 01:12
Monopoly   
{modal https://www.youtube.com/embed/NaZ1j0VrkGg?autoplay=1;rel=0|width=780|height=439|title=Introduction to Monopoly}Introduction to Monopoly{/modal} 01:11
{modal https://www.youtube.com/embed/LgKJ9-IWKvs?autoplay=1;rel=0|width=780|height=439|title=Features of Monopoly}Features of Monopoly{/modal} 07:23
{modal https://www.youtube.com/embed/JxwA-YyiJgo?autoplay=1;rel=0|width=780|height=439|title=Revenue Curves}Revenue Curves{/modal} 09:14
{modal https://www.youtube.com/embed/51jAdRy_wk4?autoplay=1;rel=0|width=780|height=439|title=Relationship between AR & MR Curve}Relationship between AR & MR Curve{/modal} 08:37
{modal https://www.youtube.com/embed/s49P6yN-_pk?autoplay=1;rel=0|width=780|height=439|title=Equilibrium}Equilibrium{/modal} 02:31
{modal https://www.youtube.com/embed/Praxgw62PZk?autoplay=1;rel=0|width=780|height=439|title=Supernormal profits}Supernormal profits{/modal} 05:08
{modal https://www.youtube.com/embed/1L0OdQ4GzBk?autoplay=1;rel=0|width=780|height=439|title=Normal Profit}Normal Profit{/modal} 03:22
{modal https://www.youtube.com/embed/b9CS63b_WVU?autoplay=1;rel=0|width=780|height=439|title=Loss }Loss {/modal} 03:10
{modal https://www.youtube.com/embed/hod1mvt1JUw?autoplay=1;rel=0|width=780|height=439|title=Long run Equilibrium}Long run Equilibrium{/modal} 03:49
{modal https://www.youtube.com/embed/OZz0XxOM3GA?autoplay=1;rel=0|width=780|height=439|title=Price Discrimination}Price Discrimination{/modal} 05:28
{modal https://www.youtube.com/embed/jpUtVOCPHoE?autoplay=1;rel=0|width=780|height=439|title=Shifting of Product from One Market to Other Market}Shifting of Product from One Market to Other Market{/modal} 03:19
{modal https://www.youtube.com/embed/lxm1kDP8bYk?autoplay=1;rel=0|width=780|height=439|title=Objective of Price Discrimination}Objective of Price Discrimination{/modal} 05:44
{modal https://www.youtube.com/embed/7ge5k6IB1Qg?autoplay=1;rel=0|width=780|height=439|title=Equilibrium under Price Discrimination}Equilibrium under Price Discrimination{/modal} 14:39
{modal https://www.youtube.com/embed/n2P69qaZzJE?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 05:55
{modal https://www.youtube.com/embed/iSAoapAUh4I?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 00:38
Monopolistic Competition  
{modal https://www.youtube.com/embed/Cz1lkF6SK84?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 01:22
{modal https://www.youtube.com/embed/5LFQ0dQYj-0?autoplay=1;rel=0|width=780|height=439|title=What is MC}What is MC{/modal} 02:48
{modal https://www.youtube.com/embed/gqkb9UT5D_c?autoplay=1;rel=0|width=780|height=439|title=Features of MC}Features of MC{/modal} 01:54
{modal https://www.youtube.com/embed/68fvHtdp2YI?autoplay=1;rel=0|width=780|height=439|title=Short run Equilibrium & Profitability}Short run Equilibrium & Profitability{/modal} 06:54
{modal https://www.youtube.com/embed/i2lWsiB0ko0?autoplay=1;rel=0|width=780|height=439|title=Long run Equilibrium}Long run Equilibrium{/modal} 07:06
{modal https://www.youtube.com/embed/vpTNQsmykOE?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 02:18
{modal https://www.youtube.com/embed/qGr54t3x1OY?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 00:59
Oligopoly  
{modal https://www.youtube.com/embed/4HiSwLg_ymo?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 04:05
{modal https://www.youtube.com/embed/Y-0t8p-VhNg?autoplay=1;rel=0|width=780|height=439|title=Features of Oligopoly}Features of Oligopoly{/modal} 03:29
{modal https://www.youtube.com/embed/VtOhdiT7DkU?autoplay=1;rel=0|width=780|height=439|title=Types of Oligopoly}Types of Oligopoly{/modal} 04:18
{modal https://www.youtube.com/embed/z4WGr_4FGhg?autoplay=1;rel=0|width=780|height=439|title=Equilibrium}Equilibrium{/modal} 02:19
{modal https://www.youtube.com/embed/bvQ_PuHiuJo?autoplay=1;rel=0|width=780|height=439|title=Kinked Demand Curve}Kinked Demand Curve{/modal} 08:10
{modal https://www.youtube.com/embed/y9LGfJdRfX4?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 02:39
{modal https://www.youtube.com/embed/9vlCJCn-jt4?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 00:40
{modal https://www.youtube.com/embed/rta4zSrF38Y?autoplay=1;rel=0|width=780|height=439|title=Final Quiz}Final Quiz{/modal} 12:18
{modal https://www.youtube.com/embed/UNWbJqovM3I?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 01:05
Total 4:15:06

Notes

Index

Perfect Competition
Monopoly
Imperfect Competition -Monopolistic competition
Oligopoly

Characteristic or Features

Large number of seller
Commodity is homogeneous
No barriers to entry or exit
Buyer & Seller knowledge of goods, market condition
Free movement of goods
Firm are price taker

Monopoly

Characteristic
Revenue Curve
Short run Equilibrium
Profits for Monopoly
Long run Equilibrium
Price Discrimination

Characteristic of monopoly
Monopoly : mono means one + poly seller
ex- railways, water

Single seller for the product
Restrictions to Entry :barriers to entry
No close- substitutes :cross elasticity is zero
price elasticity of demand is less than one.
Price discrimination

What is Price discrimination?

Charging different price for same product.
ex-
Railways fares
Dumping
Electricity bill
Water bill

When is Price Discrimination possible

i. seller control over supply
ii.seller able to divide his consumers or market
iii.each market has different price elasticity
iv.buyers unable to sell from low cost market to high cost market

Objective of Price discrimination

earn maximum profit
dispose off surplus stock i.e dumping
enjoy economies of scale
capture new markets
secure equity through pricing
welfare

Imperfect Competition or Monopolistic Competition

Monopolistic Competition

Firm is able to differentiate its product from competition
Advertisment
Firm is Price maker

Features of Monopolistic Competition

Large number of sellers
Product differentiation : through advertisement
Freedom of entry or exit
Non-price competition :factors-advertisement,after-sale service, innovation

Oligopoly

Characteristic of Oligopoly Market

Interdependence
Importance of Advertising & Selling cost
Group Behaviour


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