Match each economic term with its description.
Description:
1. There are no barriers to entry in the market.
2. Three companies secretly enter into a price agreement.
3. Every company in this market structure is aware of the actions of the other companies.
4. There is a single seller in the market.
Terms:
A) Monopoly
B) Oligopoly
C) Perfect competition
D) Collusion
Random answers will be reported
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Match each economic term with its description. Description: 1. There are no barriers to entry in the market. 2. Three companies secretly ...” 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
Bernard is the owner and manager of a small auto-parts store. He thinks that talking about business ethics with employees takes time that would be better spent paying attention to customers.
Answers (1)
The u. s. fire administration is part of what american government agency?
Answers (1)
Which of the following is true about meetings and gatherings? a. Corporate meetings are voluntary. DMC stands for Deciding Meeting Centers. b. A gathering must be held in a convention center. c.
Answers (1)
Who established the identity of native americans
Answers (2)
1. What are some of the constitutional principles and values promoted by Martin Luther King's Letter from a Birmingham Jail?
Answers (1)
New Questions in Social Studies
Dr. David Sherman of the National Skin Cancer Society reports that tanning salons pose a serious risk for skin cancer. Therefore, we should consider legislation to regulate the tanning industry. a False dichotomy. b. No fallacy. c.
Answers (1)
Are children and youth in the international world less fit today than children 30 years ago?
Answers (1)
What did the growth of the middle class cause
Answers (1)
What are tariffs, quotas, and subsidies all examples of? A) free trade B) the balance of trade C) protectionism D) exports
Answers (1)
During the presidential election of 1868, African American votes
Answers (1)