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Market Structures

D. Plants

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2.A _______ forms when barriers prevent firms from entering a market that has a single supplier.
6.Many sellers compete to offer their commodities to buyers, intense competition forces prices ________
8.Perfect competition has a ________ number of firms
9._______ ________ must accept the market price in perfect competition and to some degree in monopolistic competition
11.an agreement among firms to charge one price for the same good
12.a market structure consisting of one firm offering a commodity
13._______ _______ are found in Oligopolies where firms dictate price
14.competition through ways other than lower prices
16._______ "foreces" Ford to make a better automobile
18.Membership on the boards of directors of two or more firms by the same individual.
20.One characteristic of perfect competition markets is that they are _________
24.this describes how much competition a business faces
25.A market structure in which a few large firms dominate a market
26.One outcome of collusion is ______ ______
28.An example of a barrier to entry
29.A corporation that owns business operations in unrelated industries.
30.The removal of government controls from an industry or sector, to allow for a free and efficient marketplace.
31.a market stucture with little competition due to few competing firms
32.an agreement among firms to divide the market, set prices, or limit production
1.Perfect competition is also called _______ competition
2.a market structure in which many companies sell products that are alike but not identical
3.Group of firms or nations who attempt to control price or supply of a commodity through mutual restraint on production
4.anything that might hinder a company from getting started
5.the exclusive right of an artist to produce his/her book, artwork, poem, song etc
7.Market situation midway between the extremes of perfect competition and monopoly with moderately easy entry and exit
10.___________ is one of the barriers to entry.
15.simplest form of market structure
17.In perfect competition one of the "givens" is the market is in ____________
19.A reasonably homogeneous good or material, bought and sold freely as an article of commerce.
21.______ products come as close as we have to perfect competition
22.A market that runs efficiently when one large firm provides all of the output is a _______ _______
23.the government grants firms the right to operate a business, i.e. – Radio and television
27.the exclusive right to manufacture and sell an invention

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