Flash cards for Microeconomics
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | Single seller and very strong barriers to entry is critical to this market structure
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| Perfect competition | show 🗑
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| show | Are the cost advantages that enterprises obtain due to size, output, or scale of operation
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| Oligopoly | show 🗑
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| show | is a group of firms formally agreeing to control the price and the output of a product
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| Substitute goods | show 🗑
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| show | When a price reduction (rise) for a related product increases (reduces) the demand for a primary product. It is a complement for the primary product. Ex: Peanut butter / Jelly
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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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Created by:
CMadonna
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