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| With group: DRHS Economics | |
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| Term | Definition |
|---|---|
| Monopolistic Competition | A market structure with low entry barriers and many firms selling products differentiated enough that each firm's demand curve slopes downward |
| Oligopoly | A market structure with a small number of firms whose behavior is interdependent |
| Cartel | A group of firms that agree to act as a single monopolist to increase the market price and maximize the group's profits |
| Terms | 3 |
| Creator | mjdolenko |
| Created | October 11, 2009 |
| Group | DRHS Economics |
| Subjects | None |
| Access | Anyone |
| Edit | Creator Only |