unit 2.6 (quizlet version) Flashcards
1
Q
Market
A
exists where there are buyers and sellers
2
Q
monopoly
A
one business selling a product
2
Q
competitors
A
other businesses trying to attract the same customers
3
Q
oligopoly
A
a few large businesses selling a product
4
Q
perfect competition
A
lots of small businesses selling a product
5
Q
risk
A
the posibility of something going wrong
6
Q
uncertainty
A
factors which are hard to predict
