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Economics Theme 3
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monopoly
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Market with one seller with high barriers to entry
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Terms in this set (82)
monopoly
Market with one seller with high barriers to entry
third degree price discrimination
practice of dividing consumers into two or more groups with separate demand curves and charging different prices to each group
monopolistic competition
A market structure in which barriers to entry and exit are low and many firms produce slightly differentiated products
Demerger
When a firm splits into two or more independent businesses
horizontal merger
the joining of two firms at the same stage of production in the same industry