International Trade and Enterprise

The report investigates distinctive characterstics and other related aspects of monopolisically competeive and oligopoly market. Both are form of imperfect competetion having some unique charaterstics. In case of monpolistic competeition the associated features are large number of buyers, product differentation, free entry or exit and others. In the oligopoly market, the most distinctive feaure is concenteation among large firms. The report is not limited to theoretical disusson rather it anlyzes application of each of the two market forms in Australia. For monopolistic competetition, case of coffee industry and for oligopoly, case of Australian banking is taken into consideration.