Econ - Market Structures

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Can you name the economics terms??

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

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