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Study sets matching "term:trust = like a cartel, an illegal grouping of companies that discourages competition"

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Study sets matching "term:trust = like a cartel, an illegal grouping of companies that discourages competition"

5 terms
Economics 7.4
Predatory pricing
Antitrust laws
Trust
Merger
Selling a product below cost for a short period of time to dr…
laws that encourage competition in the marketplace
an illegal grouping of companies that discourages competition…
when two or more companies join to form a single firm
Predatory pricing
Selling a product below cost for a short period of time to dr…
Antitrust laws
laws that encourage competition in the marketplace
13 terms
Paris Economics - chp. 7 sec. 3-4
monopolistic competition
differentiation
nonprice competition
oligopoly
a market structure in which many companies sell products that…
making a product different from other similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
monopolistic competition
a market structure in which many companies sell products that…
differentiation
making a product different from other similar products
10 terms
civics vocab 14
nonprice competition
oligopoly
collusion
price fixing
a way to attract customers through style, service or location…
a market structure in which a few large firms dominate a market
an agreement among firms to divide the market, set prices, or…
an agreement among firms to charge one price for the same good
nonprice competition
a way to attract customers through style, service or location…
oligopoly
a market structure in which a few large firms dominate a market
10 terms
Civics Vocabulary L14
Nonprice competition
Oligopoly
Collusion
Price fixing
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
an agreement among firms to divide the market , set prices, o…
an agreement among firms to charge one price for the same good
Nonprice competition
a way to attract customers through style, service, or locatio…
Oligopoly
a market structure in which a few large firms dominate a market
5 terms
Chapter 7 Section 4 Vocabulary
Predatory Pricing
Antitrust Laws
Trust
Merger
Selling a product below cost to drive competitors out of the…
Laws that encourage competition in the marketplace.
Like a cartel, an illegal grouping of companies that discoura…
Combination of to or more companies into a single firm.
Predatory Pricing
Selling a product below cost to drive competitors out of the…
Antitrust Laws
Laws that encourage competition in the marketplace.
9 terms
Topic 4 Terms Quiz #3
price war
collusion
price fixing
cartel
a series of competitive price cuts that lowers the market pri…
an illegal agreement among firms to divide the market, set pr…
an agreement among firms to charge one price for the same good
a formal organization of producers that agree to coordinate p…
price war
a series of competitive price cuts that lowers the market pri…
collusion
an illegal agreement among firms to divide the market, set pr…
8 terms
Econ quiz m/c
Perfect competition
Natural monopoly
Monopolistic competition
Oligopoly
A market structure in which a firms # of firms produce same p…
Runs well when one large firm supplies all of the new oufput
Many companies sell products that are similar but not identical
A few large firms dominate a market
Perfect competition
A market structure in which a firms # of firms produce same p…
Natural monopoly
Runs well when one large firm supplies all of the new oufput
13 terms
Ch 7 Sec 3 & 4
monopolistic competition
differentiation
nonprice competition
oligopoly
a market structure in which many companies sell products that…
making a product different from other similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
monopolistic competition
a market structure in which many companies sell products that…
differentiation
making a product different from other similar products
10 terms
Chapter 7 Economics
Perfect Competition
Barrier to Entry
Monopoly
Patent
A market structure in which a large number of firms all produ…
Any factor that makes it difficult for a new firm to enter a…
A market dominated by a single seller
A license that gives the inventor of a new product the exclus…
Perfect Competition
A market structure in which a large number of firms all produ…
Barrier to Entry
Any factor that makes it difficult for a new firm to enter a…
15 terms
Catino vocab 4
Pure Competition
Imperfect Competition
Monopoly
Natural Monopoly
a market structure in which a large number of firms all produ…
a market structure that fails to meet the conditions of pure…
a market in which a single seller dominates
a market that runs most efficiently when one large firm provi…
Pure Competition
a market structure in which a large number of firms all produ…
Imperfect Competition
a market structure that fails to meet the conditions of pure…
15 terms
ch 4 econ
Pure Competition
Imperfect competition
Monopoly
Natural monopoly
a market structure in which a large number of firms all produ…
a market structure that fails to meet the conditions of pure…
a market in which a single seller dominates
a market that runs most efficiently when one large firm provi…
Pure Competition
a market structure in which a large number of firms all produ…
Imperfect competition
a market structure that fails to meet the conditions of pure…
5 terms
7.4 Regulation and Deregulation
Predatory Pricing
Antitrust Laws
Trust
Merger
Selling a product below cost to drive competitors out of the…
Laws that encourage competition in the marketplace
Like a cartel, an illegal grouping of companies that discoura…
Combination of two or more companies into a single firm
Predatory Pricing
Selling a product below cost to drive competitors out of the…
Antitrust Laws
Laws that encourage competition in the marketplace
5 terms
Econ Ch 7.4 Regulation and Deregulation
predatory pricing
antitrust laws
trust
merger
selling product below cost to drive competitors out of market
laws that encourage competition in marketplace
like a cartel, an illegal grouping of companies that discoura…
combination of two or more companies into a single firm
predatory pricing
selling product below cost to drive competitors out of market
antitrust laws
laws that encourage competition in marketplace
13 terms
Lesson 9 : Monopolies, Oligopolies, and Regulation
Monopolistic competition
Differentiation
Nonprice competition
Oligopoly
a market structure in which many companies sell products that…
making a product differed from other similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
Monopolistic competition
a market structure in which many companies sell products that…
Differentiation
making a product differed from other similar products
13 terms
Chapter 7 section 3
Monopolistic competition
Differentiation
Nonprice competition
Oligopoly
A market structure in which many companies sell products that…
Making a product different from other similar products
A way to attract customers through style, service, or locatio…
A market structure in which a few large firms dominate a market
Monopolistic competition
A market structure in which many companies sell products that…
Differentiation
Making a product different from other similar products
21 terms
Eco - Vocab 4.1-4.4
Economies of scale
Trust
Franchise
Oligopoly
factors that cause a producer's average cost per unit to fall…
an illegal grouping of companies that discourage competition
the right to sell a good or service within an exclusive market
a market structure in which a few large firms dominate a market
Economies of scale
factors that cause a producer's average cost per unit to fall…
Trust
an illegal grouping of companies that discourage competition
5 terms
Econ ch 7 sec: 4
Predatory pricing
Antitrust laws
Trust
Merger
Selling s product below cost to drive competitors out of the…
Laws that encourage competition in the marketplace
Like a cartel, an illegal grouping of companies that discoura…
Combination of two or more companies into a single firm
Predatory pricing
Selling s product below cost to drive competitors out of the…
Antitrust laws
Laws that encourage competition in the marketplace
15 terms
Econ UNIT 4
Pure Competition
Imperfect Competition
Monopoly
Natural Monopoly
A market structure in which a large number of firms all produ…
A market structure that FAILS to become pure competition
A market in which a single seller dominates.
A market that runs most efficiently when one firm provides al…
Pure Competition
A market structure in which a large number of firms all produ…
Imperfect Competition
A market structure that FAILS to become pure competition
36 terms
Econ: Ch. 7
perfect competition (pure competition)
Four Conditions for Perfect Competition
commodity
barrier to entry
a market structure in which a large number of firms all produ…
1) Many buyers and sellers participate in the market.... - no in…
a product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter a…
perfect competition (pure competition)
a market structure in which a large number of firms all produ…
Four Conditions for Perfect Competition
1) Many buyers and sellers participate in the market.... - no in…
13 terms
Economics 4.3 & 4.4
Monopolistic competition
Differentiation
Non-price competition
Oligopoly
A market structure in which many companies sell products that…
Making a product different from other, similar products
A way to attract customers through style, service, or locatio…
A market structure in which a few large firms dominate a market
Monopolistic competition
A market structure in which many companies sell products that…
Differentiation
Making a product different from other, similar products
13 terms
Topic 4 Vocab 3-4
Monopolistic Competition
Differentiation
Non-price competition
Olgiopoly
a market structure in which many companies sell products that…
making a product different from other similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
Monopolistic Competition
a market structure in which many companies sell products that…
Differentiation
making a product different from other similar products
11 terms
HENGES CHAPTER 7 VOCAB 2
differentiation
non price competition
oligopoly
price war
making a product different from other, similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few large firms dominate a market
a series of competitive price cuts that lower the market pric…
differentiation
making a product different from other, similar products
non price competition
a way to attract customers through style, service, or locatio…
13 terms
Economics Chapter 7 Section 3 and 4
monopolistic competition
differentiation
non price competition
oligopoly
a market structure in which many companies sell products that…
making a product different from other, similar products
a way to attract customers through style, service, or locatio…
a market structure in which a few larger firms dominate a mar…
monopolistic competition
a market structure in which many companies sell products that…
differentiation
making a product different from other, similar products
10 terms
Chapter 7
Perfect competition
Commodity
Barrier to entry
Imperfect competition
A market structure in wich a large number of firms all produc…
A product that is the same no matter who produces it
Any factor that makes it difficult for a new firm to enter a…
A market structure that does not meet the conditions of perfe…
Perfect competition
A market structure in wich a large number of firms all produc…
Commodity
A product that is the same no matter who produces it
12 terms
Urman's ch. 7 vocab
Perfect competition
Commodity
Monopoly
Patent
A market structure in which a large number of firms all produ…
A product that is the same no matter who produces it
A market dominated by a single seller
A license that gives the inventor of a new product the exclus…
Perfect competition
A market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it
21 terms
Economics 4.1- 4.4
Economies of scale
Trust
Franchise
Oligopoly
factors that cause a producer's average cost per unit to fall…
an illegal grouping of companies that discourage competition
the right to sell a good or service within an exclusive market
a market structure in which a few large firms dominate a market
Economies of scale
factors that cause a producer's average cost per unit to fall…
Trust
an illegal grouping of companies that discourage competition
11 terms
Ch 7 Econ pt 2
Differentiation
Non-price competition
Oligopoly
Price wars
Making a product different from other similar products
a way to attract customers through style, service, or locatio…
A market structure in which a few large firms dominate a market
Series of competitive price cuts that lowers the market price…
Differentiation
Making a product different from other similar products
Non-price competition
a way to attract customers through style, service, or locatio…
12 terms
7.4 Regulation & Deregulation
Predatory Pricing
Antitrust Laws
Trust
Merger
Selling a product below cost to drive competitors out of the…
Laws designed to promote competition and fairness and to prev…
An illegal grouping of companies that discourages competition…
A combination of two or more businesses to form a single firm.
Predatory Pricing
Selling a product below cost to drive competitors out of the…
Antitrust Laws
Laws designed to promote competition and fairness and to prev…
20 terms
Unit #3 Market Structures & Business Organizations Vocab. Review Power Point
perfect competition
commodity
barrier to entry
imperfect competition
market structure in which a large number of firms all produce…
a product, such as petroleum or milk, that is considered the…
any factors that makes it difficult for a new business to ent…
a market structure that fails to meet the conditions of perfe…
perfect competition
market structure in which a large number of firms all produce…
commodity
a product, such as petroleum or milk, that is considered the…
27 terms
Economics chapter 7 vocab
Perfect Competition
Commodity
Barrier To Entry
Imperfect Competition
A market structure in which a large number of firms all produ…
A product that is the same no matter who produces it, such as…
Any factor that makes it difficult for a new firm to enter a…
A market structure that does not meet the conditions of perfe…
Perfect Competition
A market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it, such as…
27 terms
Chapter 7: Market Structures
perfect competition
commodity
barrier to entry
imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the conditions of perfe…
perfect competition
a market structure in which a large number of firms all produ…
commodity
a product that is the same no matter who produces it, such as…
12 terms
Econ Vocab.
Perfect Competition
Commodity
Monopoly
Patent
A market structure in which a large number of firms all produ…
A product that is the same no matter who produces it
A market dominated by a single seller
A license that gives the inventor of a new product the exclus…
Perfect Competition
A market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it
12 terms
Econ
Perfect competition
Commodity
Monopoly
Patent
Market structure in which a large number of firms all produce…
A product that is the same no matter who produces it, such as…
A market dominated by a single seller
License that gives the inventor of a new product the exclusiv…
Perfect competition
Market structure in which a large number of firms all produce…
Commodity
A product that is the same no matter who produces it, such as…
27 terms
Pearson Prentice Hall 2010 Economics Chapter 7
perfect competition
commodity
barrier to entry
imperfect competition
market structure in which a large number of firms all produce…
product that is the same no matter who produces it, such as p…
any factor that makes it difficult for a new firm to enter a…
market structure that does not meet the conditions of perfect…
perfect competition
market structure in which a large number of firms all produce…
commodity
product that is the same no matter who produces it, such as p…
27 terms
Economics chapter 7 vocabulary
Perfect competition
Commodity
Barrier to entry
Imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it such as…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the condition of perfec…
Perfect competition
a market structure in which a large number of firms all produ…
Commodity
a product that is the same no matter who produces it such as…
13 terms
ECONOMICS- CHAPTER 7, SECTIONS 7.3 AND 7.4-VOCABULARY
Monopolistic competition
Differentiation
Non-price competition
Obligopoly
A market structure in which many companies sell products that…
Making a product different from other, similar products
A way to attract customers through style, service, or locatio…
A market structure in which a few large firms dominate a mark…
Monopolistic competition
A market structure in which many companies sell products that…
Differentiation
Making a product different from other, similar products
27 terms
Chapter 7- Perfect competition
perfect competition
commodity
barrier to entry
imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it suchas p…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the conditions of perfe…
perfect competition
a market structure in which a large number of firms all produ…
commodity
a product that is the same no matter who produces it suchas p…
27 terms
Chapter 7 vocab
perfect competition
commodity
barrier to entry
imperfect competion
market structure in which a large number of firms all produce…
product that is the same no matter who produces it like milk…
any factor that makes it difficult for a new firm to enter a…
market structure that does not meet the conditions of perfect…
perfect competition
market structure in which a large number of firms all produce…
commodity
product that is the same no matter who produces it like milk…
27 terms
Unit 2~ How Markets Work-- Chapter 7
Perfect competition
Commodity
Barrier to entry
Imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it, such as…
Factors that make it difficult for new firms to enter a market
a market structure that does not meet the conditions of perfe…
Perfect competition
a market structure in which a large number of firms all produ…
Commodity
a product that is the same no matter who produces it, such as…
5 terms
chapter 4.4
predatory pricing
antitrust laws
trust
merger
selling a product below cost for a short period of time drive…
laws that encourage competition in the marketplace
an illegal grouping of companies that discourages competition
when two or more companies join to form a single firm
predatory pricing
selling a product below cost for a short period of time drive…
antitrust laws
laws that encourage competition in the marketplace
27 terms
How Markets Work: Chapter 7
perfect competition
commodity
barrier to entry
imperfect competition
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the conditions of perfe…
perfect competition
a market structure in which a large number of firms all produ…
commodity
a product that is the same no matter who produces it, such as…
13 terms
Ch.4.3& 4.4 vocabulary
Monopolistic Competition
Differentiation
Non-Price Competition
Oligopoly
A market structure in which many companies sell products that…
Making a product different from other, similar products.
A way to attract customers through style, service, or locatio…
A market structure in which a few large firms dominate a mark…
Monopolistic Competition
A market structure in which many companies sell products that…
Differentiation
Making a product different from other, similar products.
9 terms
Economics
Antitrust laws
Land
Price floor
Price ceiling
Law that ecourages competition in marketplace
All natural resources used to produce goods and services
Minumum price for a good or service
A maximum price that can legally be charged for a good or ser…
Antitrust laws
Law that ecourages competition in marketplace
Land
All natural resources used to produce goods and services
Ch. 4 - Competition & Market Structures
Perfect competition
Barrier to entry
Imperfect competition
Start-up cost
A market structure in which a large # of firms all produce th…
Any factor that makes it difficult for a new firm to enter th…
A market structure that fails to meet the conditions of perfe…
The expenses a new business must pay before it can begin to p…
Perfect competition
A market structure in which a large # of firms all produce th…
Barrier to entry
Any factor that makes it difficult for a new firm to enter th…
13 terms
Econ vocab chapter 7 section 3 & 4
Monopolistic competition
Differentiation
Nonprice competition
Oligopoly
A market structure in which many companies sell products that…
Marking a product different from other similar products
A way to attract customers through style, service, or locatio…
A maker structure in which a few large firms dominate a market
Monopolistic competition
A market structure in which many companies sell products that…
Differentiation
Marking a product different from other similar products
19 terms
Unit 7 Economics
Perfect Competition
Commodity
Imperfect Competition
Monopoly
a market structure in which a large number of firms all produ…
a product that is the same no matter who produces it, such as…
a market structure that does not meet the conditions of perfe…
a market dominated by a single seller
Perfect Competition
a market structure in which a large number of firms all produ…
Commodity
a product that is the same no matter who produces it, such as…
21 terms
ch 6.3-ch 7.4
black market
commodity
barrier to entry
start-up cost
a market in which goods are sold illegaly
a product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter th…
the expenses a firm must pay before it can begin to produce a…
black market
a market in which goods are sold illegaly
commodity
a product that is the same no matter who produces it, such as…
21 terms
Chapter 4 Vocabulary
Economies of scale
Trust
Franchise
Oligopoly
factors that cause a producer's average cost per unit to fall…
an illegal grouping of companies that discourage competition
the right to sell a good or service within an exclusive market
a market structure in which a few large firms dominate a market
Economies of scale
factors that cause a producer's average cost per unit to fall…
Trust
an illegal grouping of companies that discourage competition
26 terms
Chapter 7
Perfect Competition
Commodity
Barrier to Entry
Imperfect Competition
a market structure in which a large number of firms all produ…
A product that is the same no matter who produces it, such as…
any factor that makes it difficult for a new firm to enter a…
a market structure that does not meet the conditions of perfe…
Perfect Competition
a market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it, such as…
27 terms
Chapter 7 sections 1-3 vocab
Perfect competition
Commodity
Barrier entry
Imperfect competition
A market structure in which a large number of firms all produ…
A product that is the same no matter who produces it such as…
Monopolies
A market structure that does not meet the commendation of per…
Perfect competition
A market structure in which a large number of firms all produ…
Commodity
A product that is the same no matter who produces it such as…
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