Categorías: Todo - differentiation - regulation - monopoly - competition

por Flipper Geiser hace 9 años

140

Chp 7 Vocab

In market structures, perfect competition and monopoly represent opposite ends of the spectrum, with perfect competition characterized by many firms offering identical products, while a monopoly exists when a single firm dominates the market.

Chp 7 Vocab

Chp 7 Vocab

Perfect Competition

Commodity
Deregulation

Merger

Imperfect Competition

Monopoly
Government Monopoly

Patent

Franchise

Oligopoly

Barriers to entry

Cooperation/Collusion

Price War

Price Fixing

Trust

Cartels

Predatory Pricing

Monopolistic Competition
differentiation

Nonprice competition

Anti Trust Laws