Monopolistic competition

Monopolistic competition

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 7: Product Pricing Theories and Practices

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of monopolistic competition.
• Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

• Short-run and long-run price-output equilibrium
• Equilibrium with product variation and selling expenses

Detailed Microsyllabus

1. Monopolistic competition

   1. Product differentiation, entry and many competing sellers.
   2. Short-run price and output choice.
   3. Long-run adjustment and excess capacity in the standard model.

2. Nonprice competition

   1. Product variation and differentiation.
   2. Selling expenses and demand conditions.
   3. Balance added revenue against additional costs.

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Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.