Copyright

Flashcards - Economic Market Structures

Flashcards - Economic Market Structures
1/5 (missed) 0 0
Create Your Account To Continue Studying

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access
monopolistic competition
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes
Got it
monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity
Got it
5 cards in set
Front
Back
monopoly
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity
monopolistic competition
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes
demand-side
Demand-side economics is a macroeconomic theory which argues that economic growth is most effectively created by high demand for products and services
economic system
An economic system is a system of production, resource allocation, and distribution of goods and services within a society or a given geographic area
oligopoly
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers

To unlock this flashcard set you must be a Study.com Member.
Create your account

Unlock Your Education

See for yourself why 30 million people use Study.com

Become a Study.com member and start learning now.
Become a Member

Already a member? Log In

Support