Miscellaneous Quiz / Econ - Market Structures

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Can you name the economics terms??

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

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