Types of competition

Question 1

What is competition

Answer 1

Rivalry among business for sales to potential customers

Question 2

What are the four types of competition?

Answer 2

Perfect pure competition
Monopolistic competition
Oligopoly
Monopoly

Question 3

Monopoly

Answer 3

A market

Question 4

Oligopoly

Answer 4

A market or industry in which there are few sellers

Question 5

What is a fiscal policy

Answer 5

Government influence on the amount of savings accomplished by altering tax structure and by changing levels of government spending

Question 6

What is monetary policy

Answer 6

Federal reserves actions to promote max employment, stabilize prices and increase or decrease interest rates

Question 7

What is a federal deficit

Answer 7

Amount of money available to investors

A shortfall created when the federal government spends more fiscal a year than recieves

Question 8

What is the national debt

Answer 8

The total of federal deflict
35.3 trillion
35,263,500,000,000

Question 9

Monopolistic competition

Answer 9

A market situation where buyers and a large number of sellers differentiate their products from the products of their competitors