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

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

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