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kirill [66]
4 years ago
9

Drag the tiles to the correct boxes to complete the pairs. Match each economic term with its description?

History
1 answer:
Aliun [14]4 years ago
4 0

:

Monopoly: There is a single seller in the market

Oligopoly: every company in this market structure is aware of the actions of the other companies (oligopolies are a small number of companies controlling the markets-  there are elements of collusion in this structure because the firms work together to control prices and the market)

Perfect Competition: There are no barriers to entry (lots and lots of competing companies that each have a small share of the market)

Collusion: 3 companies secretly enter into a price agreement (this is illegal in many cases)

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