6 terms

Dynamics of a perfect market

STUDY
PLAY

Terms in this set (...)

Perfect
Equal buyers and sellers
Monopoly
One seller
Oligopoly
Few sellers
Monopolistic competitive
Competition in a monopoly
Duopoly
Two sellers
Distinction based on
Number or businesses in the market.
nature of the product.
accessibility of the market.
control over prices.
information of the market conditions.