Textbook chapter 7
Help!
|
|
||||
|---|---|---|---|---|---|
| market structure | show 🗑
|
||||
| show | a theoretical market structure that requires three conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit
🗑
|
||||
| show | group of firms producing similar or identical products
🗑
|
||||
| perfect competition | show 🗑
|
||||
| show | market structure having all conditions of pure competition except for identical products; a form of imperfect competition
🗑
|
||||
| product differentiation | show 🗑
|
||||
| nonprice competition | show 🗑
|
||||
| show | market structure in which a few large sellers dominate and have the ability to affect prices in the industry; form of imperfect competition
🗑
|
||||
| collusion | show 🗑
|
||||
| price fixing | show 🗑
|
||||
| show | market structure characterized by a single producer; form of imperfect competition
🗑
|
||||
| show | philosophy that government should not interfere with business activity
🗑
|
||||
| natural monopoly | show 🗑
|
||||
| geographic monopoly | show 🗑
|
||||
| show | market structure in which a firm has a monopoly because it owns or controls a manufacturing method, process, or other scientific advantage
🗑
|
||||
| show | monopoly created and/or owned by the government
🗑
|
||||
| market failure | show 🗑
|
||||
| public good | show 🗑
|
||||
| show | uncompensated side effects that either benefit or harm a third party not involved in the activity that caused it
🗑
|
||||
| show | uncompensated side effects that affect an uninvolved third party
🗑
|
||||
| show | calculation that compares the cost of an action to its benefits
🗑
|
||||
| trusts | show 🗑
|
||||
| show | practice of charging different customers different prices for the same product
🗑
|
||||
| cease and desist orde | show 🗑
|
||||
| public disclosure | show 🗑
|
||||
| show | legal document that pledges ownership of a home to a lender as security for repayment of borrowed money
🗑
|
||||
| show | process in which a lender reclaims the property due to a lack of payment by the borrower
🗑
|
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.
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
Normal Size Small Size show me how
Created by:
sfoston
Popular Economics sets