Flashcards
Sem título
Flashcards do conjunto (14)
- 1monopsonya market in which there is a single buyer
- 2market powerthe power of buyers and sellers influences prices
- 3imperfection competitionmarkets where there is neither perfect competition nor pure monopoly
- 4price takersthose who sell in competitive markets, they accept whatever the market price happens to be
- 5price makerssuppliers begin to exercise control over prices, imperfect competition exists.
- 6monopolistic competitiongas stations, groceries, and shoes are only a few of the goods and services sold under conditions of this
- 7product differentiationwhatever it is that gives buyers the impression that virtually identical products are different.
- 8oligopolya market in which a few sellers produce all or most of the supply of a product
- 9collusionsetting prices and dividing the market among these few firms. agreements to limit competition
- 10price leadershippractice by which the most powerful company in an industry sets its price, and ever other firm follows. illegal
- 11monopolya firm that controls the entire supply of a good or service
- 12patentsgive the inventors of new products the exclusive right to market their inventions or sell the rights to them
- 13copyrightthese give exclusive rights to authors, musicians, composers, and artists to reproduce and or sell their works.
- 14public franchiselicenses granted by the governments to firms that allow them to do business within their jurisdiction.
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- FlashCards sobre Sem título, criado por soccer11gj em 21-04-2015.
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- soccer11gj
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