Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

study material for economics Vocab CH 7 - Ponder

        Help!  

Term
Definition
show theoretical situation in which well-informed, independent buyers and sellers exchange identical products  
🗑
show - agreeing to charge the same or similar prices  
🗑
externality   show
🗑
show real or imagined differences between competing products  
🗑
show unwanted harm, cost, or inconvenience suffered by a third party because of the actions of others  
🗑
show market situation in which costs are minimized because a single firm produces the product  
🗑
laissez-faire   show
🗑
show market structure in which a few very larger sellers dominate the industry  
🗑
collusion   show
🗑
show series of competitive price cuts by all sellers that leads to unusually low prices  
🗑
show market structure with only one seller of a product  
🗑
show products that are collectively consumed by everyone  
🗑
show exclusive right to manufacture, use, or sell any new and useful machine, manufacture, or composition of.matter  
🗑
show market structure that lacks one or more of the conditions of perfect competition  
🗑
show exclusive right of authors and artists to publish, sell, or reproduce their work  
🗑


   

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.

 
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: breckart2
Popular Economics sets