Content

A) Introduction
v       Market Structure
v       Elements of Market Structure
         
B) Competition
v       Definition
v       Types of Competition
Ø      Price Competition
Ø      Non-price Competition
v       Features of Perfect Competition
v       Price Determination under Perfect Competition
v       Output Determination under Perfect Competition

C) Monopoly
v       Definition
v       Features of Monopoly
v       Creation of Monopoly
v       Price Determination under Monopoly
v       Output Determination under Monopoly
v       Profit Maximization
v       Normal and Abnormal Profit
v       Arguments for Monopoly
v       Arguments against Monopoly
v       Comparing Perfect Competition and Monopoly

D) Nationalization
v  Definition
v  Arguments for Nationalization
v  Arguments against Nationalization

E) Privatization
v  Definition
v  Arguments for Privatization
v  Arguments against Privatization