'Government monopolies' diaporamas de présentation

Economics

Economics. Unit 3 Chapter 7. A market structure is the arrangement that allows buyers and sellers to exchange things ( Market ). There are 4 Types of Market Structures. Perfect Competition Monopoly Oligopoly Monopolistic Competition.

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Perfect Competition

Perfect Competition. What conditions must exist for perfect competition? What are barriers to entry and how do they affect the marketplace? What are prices and output like in a perfectly competitive market?. The Four Conditions for Perfect Competition.

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Chapter 7: Market Structures Section 2

Chapter 7: Market Structures Section 2. Objectives. Describe characteristics and give examples of a monopoly. Describe how monopolies, including government monopolies, are formed. Explain how a firm with a monopoly makes output decisions.

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Perfect Competition

Perfect Competition. What conditions must exist for perfect competition? What are barriers to entry and how do they affect the marketplace? What are prices and output like in a perfectly competitive market?. The Four Conditions for Perfect Competition.

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Monopoly

Monopoly. Characteristics of monopoly. Single firm (producer, seller) No variety of goods Complete barriers to entry Complete control over price. Economies of scale. Government monopolies. Patent- license that gives inventor exclusive right to sell product for 20 years.

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Competition and Market Structures

Competition and Market Structures. Competition. In the context of markets, competition refers to the situation when producers would each like to sell their goods or services to the same customers.

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I. New Polities in Eurasia II. The Ottoman Empire III. The Safavid Empire in Iran

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Market Structures

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