chapter 13 Flashcards
1
Q
what is a competitive market
A
this is where there are a large number of firms producing a similair product
2
Q
what is a monopoly
A
this is where a market is controlled by a single business
3
Q
what is oligopoly
A
this exists when a market is dominated by a few large firms
4
Q
what is organic growth
A
this is what’s achieved after increasing the firms sales
5
Q
A
6
Q
A
