Microeconomic problems of maruti suzuki

Ertiga The first-gen Ertiga was a big success thanks to its easy-to-drive character, compact dimensions relative to sedansthe versatility of seven seats, and efficient engines, including a CNG option. Six years and 4. It sees an increase in its dimensions, space, fuel efficiency, and overall premium feel.

Microeconomic problems of maruti suzuki

Some special characteristics are found in an oligopoly type of market. They are as follows- Few Sellers In oligopoly there are few sellers. They are more than two, generally around ten to twenty who compete among themselves and each controls a significant portion of the market demand so that price-out policy of one affects the other.

Unlike perfect competition and monopolistic competition. Here the number of sellers are very limited. Large Number of Buyers Under oligopoly buyers are large in number. The car market in India is an example of oligopoly.

The buyers of Maruti-Suzuki car are very large. Similar is the size of buyers of Tata cars. Interdependence There are few sellers of the product under oligopoly. Each firm sells a significant portion of the total output.

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So every firm influences and is influenced by the action taken by the other firms. Therefore, a firm while taking a decision has to consider the possible reaction of his rivals. For example, here a firm cannot assume that is rivals will keep their prices unchanged when it changes its own price.

Microeconomic problems of maruti suzuki

So the producers under oligopoly are mutually dependent on one another. Importance of Advertising and Selling Costs Under oligopoly an individual firm does not depend on price reduction to increase his share of the market.

Maruti Suzuki Omni Overheat Problem

For example, when one seller reduces the price of his product, the others follow it. But when one increases the price, others may not follow suit. Therefore, under oligopoly the firms employ other methods like advertisement to increase their respective share in the market.

Competition Oligopoly refers to competition among a few. The competition under Oligopoly is different from that under perfect competition or under monopolistic competition.

Under both perfect competition and monopolistic competition there are large number of firms. So the influence of a single firm is negligible. But under oligopoly, the market consists of a few sellers.

The action taken by one immediately affects the other. Therefore competition is more acute under oligopoly. Group Behaviour The theory of oligopoly is a theory of group behaviour.

It is not a theory of mass behaviour as in case of perfect competition or monopolistic competition. Because in such cases there are large number of sellers.

It is also not a theory of individual behaviour as in case of monopoly. Since under oligopoly, we have a group of sellers, it is difficult to find a solution that satisfies all.

So there is no single theory of group behaviour under oligopoly. Indefinite Demand Curve The demand curve shows the amount of its product that a firm is able to sell at different prices. Under oligopoly the firms are interdependent. Here a firm cannot take independent decisions regarding the price.

In other words, here a firm cannot assume that its rivals will not retaliate when it goes for a price change. So the demand curve of an oligopolist goes on shifting every time his rivals make a move.

For this, the demand curve of an oligopolist is indefinite or indeterminate.The first-gen Ertiga was a big success thanks to its easy-to-drive character, compact dimensions (relative to sedans), the versatility of seven seats, and efficient engines, including a CNG option. Nov 01,  · The Maruti Suzuki Wagon R has been one of the most successful hatchbacks of India thanks to its generous cabin space and incredible price tag.

It has constantly featured in the top 5 most sold cars of India. Maruti Suzuki introduced the new Dzire less than a month ago. And the car is already facing an issue.

The company needs to focus on the build quality of the components before delivering the vehicles to the customers.

Microeconomic problems of maruti suzuki

The all-new Maruti Suzuki Ertiga has been launched in India with prices starting at Rs. lakh. The Ertiga gets both petrol and diesel engines. View Photos The Maruti Suzuki Ertiga looks more premium and stylish equipped with more features too The all-new Maruti Suzuki Ertiga has been launched in India with.

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