Sign In
Ask Question
Social Studies
Claudia Pittman
13 September, 01:19
Match each economic term with its description
+4
Answers (
1
)
Brenton Durham
13 September, 03:07
0
The given economic terms can be matched with their descriptions as below:
Monopoly: There is a single seller in the market.
In a monopolistic market, a specific commodity it sold by only one player. This allows the seller to manipulate the prices of the commodity the way he wants.
Perfect competition: There are no barriers to entry in the market.
This market is open to all and every single player in the market is free to trade in any legitimate commodity that he wants to trade in.
Collusion: Three companies secretly enter into a price agreement.
In order to achieve the state of profit for all, three companies come together and unanimously decide the prices of their products so as to impact the market and to make the other players in the market reduce the price of their products.
Oligopoly: Every company in this market structure is aware of the actions of the other companies.
The players in this market are closely spaced and are familiar with the strategies of each other.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“Match each economic term with its description ...”
in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What are the three states of matter packet
Answers (2)
Some developmentalists suggest that two kinds of intelligence exist. What is the term for the accumulation of information, skills, and strategies that people have learned through experience and that they can apply in problem-solving situations?
Answers (1)
Trade along the Silk Road and the trana Saharan trade routes resulted in?
Answers (1)
1st ans. gets brainliest : Why did Mary Lyon name her school Mount Holyoke Female Seminary, instead of Mount Holyoke Female College? A) Colleges were only open to white men, her school was open to all African American and white men.
Answers (1)
Why did the Founding Fathers include federalism in the Constitution? A). As a way to increase competition among the states B). To encourage citizens to participate more in government by voting C).
Answers (1)
New Questions in Social Studies
Sora is participating in research similar to research presented in the text. He has been exposed to the virus that causes the common cold and he has been given six assignments to be completed in the next two days.
Answers (1)
When larina started college, she was certain that she would never smoke marijuana. by the end of her freshman year, however, larina had used this drug several times. larina's experience best illustrates?
Answers (1)
What are people who wanted to purify others
Answers (1)
Aphrodite and Hephaestus had a child together. what is their child's name?
Answers (1)
Cognitive psychologists, draw heavily on research of all of these except:
Answers (1)
Home
»
Social Studies
» Match each economic term with its description
Sign In
Sign Up
Forgot Password?