CHPT 7 Definitions Flashcards
1
Q
Perfect competition
A
2
Q
commodity
A
3
Q
barrier to entry
A
4
Q
imperfect competition
A
5
Q
start-up costs
A
6
Q
monopoly economies of scale
A
7
Q
natural monopoly
A
8
Q
patent
A
9
Q
franchise
A
10
Q
license
A
11
Q
price discrimination
A
12
Q
market power
A
13
Q
monopolistic competition
A
14
Q
differentiation
A
15
Q
nonprice competition
A
16
Q
oligopoly
A
17
Q
price war
A
18
Q
collusion
A
19
Q
price fixing
A
20
Q
cartel
A
