Econ - Market Structures

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Can you name the economics terms??

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TermAnswer
market situation in which costs are minimized because a single firm produces the product
agreeing to charge the same or similar prices
practice of charging customers different prices for the same product
legally formed combination of corporations or companies
situation in which average cost of production falls as the firm gets larger
in this market structure, there is only one firm in the market
this market structure is the 2nd most competitive
this outlawed restraints and monopolies that hindered trade
market structure that is the least competitive
receiving a drain on your lawn from a neighbor's sprinkler system is an example of a _________.
belief that government should not interfere with commerce or trade
products that are collectively consumed by everyone
requirement that businesses reveal information to the public
this market structure has extensive influence over price
this market structure has the most competition
When the government taxing firms for polluting, they are trying to regulate __________.
Externalities, resource immobility, inadequate information, and inadequate competition are examples of ______.
unintended side effect that either benefits or harms a third party not involved in the activitiy
this outlawed price discrimination
the government is involved in the economy to prevent _________________ because they can hinder trade and competition.
TermAnswer
Theoretical situation in which well-informed, independent buyers and sellers exchange identical products
market structure that lacks one or more of the conditions of perfect competition
unwanted harm, cost, or inconvenience suffered by a third party because of the actions of others
what would changing the color or size of packaging a product represent?
the government is involved in the economy to promote and encourage ________
exclusive right to manufacture, use, or sell any new and useful machine
exclusive right of authors and artists to publish, sell, or reproduce their work
real or imagined differences between competing products
When the government passes an ant-trust law, they are trying to promote ______.
this market structure is difficult, but not impossible to enter
Under ____________ no seller sells a product above the prevailing market price
this forbade rebates and discounts to large buyers unless available to all buyers
a monopoly that is based on ownership or control of a manufacturing method, process, or scientific advance
formal agreement to set prices or to behave in a cooperative manner
When a major car company lowers its prices, other car makers will probably ________ their prices.
the government is involved in the economy to ________ industries in which a monopoly is in the public interest
Public goods are usually provided by the ________, not the market.
in this market structure, firms have no influence over price, there are many firms, and it is easy to enter the market
mergers and acquisitions might result in inadequate _____________.
market structure in which a few very large sellers dominate the industry

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Created Oct 31, 2011ReportNominate
Tags:econ, market, structure