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Study of Economics in Nepal

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GRADE - XI
GRADE - XII
M. Phil. - Semester Paper

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Syllabus of Economics - Grade XII (2078)

Eco 304 Credit Hours: 5 Teaching Hours: 160 Course Contents

Unit 2.1 - Market and Revenue Curves

Concept of Market & Market Structure 'Market' refers to the existence of direct or indirect contact between the seller and buyers for buying and selling of a commodity at a given price. 'Market Structure' refers to the selling environment in which a firm produces & sells its products. It is basically defined by following features: number of buyer and seller of the product, type of the product bought (product differential) & sold, degree of mobility of resources, market information, market entry conditions and the extent to which the actions of firm will affect another firm.