Chapter 10
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| show | The set of goods whose cross elasticities with others in the set are relatively high and whose cross elasticities with goods outside the set are relatively low.
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| show | A set of market characteristics such as number of firms, ease of firm entry, and substitutability of goods.
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| Mutual Interdependence | show 🗑
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| show | A market structure consisting of one firm producing a good that has no close substitutes. Firm entry is impossible.
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| Industry | show 🗑
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| Natural Monopoly | show 🗑
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| show | A monopoly right on the use of a specific new technology or on the production of a new good. The monopoly right is awarded to and safeguarded by the government to the firm who introduces the new technology or good.
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| Monopolistic Competition | show 🗑
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| Oligopoly | show 🗑
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| Brand Loyalty | show 🗑
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| Market Share | show 🗑
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| Perfect Competition | show 🗑
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| Product Differentiation | show 🗑
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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