Equilibrium
Disequilibrium
Monopolies
Markets
Cartels
100
equilibrium
What is a point of balance?
100
excess demand
What is a shortage?
100
single seller single market
What is a monopoly?
100
deregulation
What is no more government regulation?
100
DeBeers
What is the diamond cartel
200
demand and supply come together
What is equilibrium?
200
Excess supply
What is a surplus?
200
monopoly
What is business with no competition?
200
companies are free of regulation
What is degregulation?
200
Organization of Petroleum Exporting Countries
What is OPEC?
300
a stable market
What is equilibrium?
300
disequilibrium
What is supply is not equal to demand?
300
government monopoly
What is a monopoly created by the government?
300
oligopoly
What is a market with a few dominate large firms?
300
cartel
What is an agreement by a formal organization to coordinate price and production?
400
equilibrium point
What is the place where quantity supplied equals quantity demanded?
400
disequilibrium
What is demand is greater than supply?
400
natural monopoly
What is a market that runs most efficiently with only one firm supplies all the output?
400
Setting prices and production
What is collusion?
400
Saudi Arabia
What is a member of OPEC?
500
equilibrium price
What is the price where quantity supplied equals quantity demanded?
500
excess supply
What is the price being to high?
500
monopoly
What is a business that blocks others from entering a market?
500
price fixing
What is an agreement to sell at the same or similar price?
500
these are illegal in the U.S.
What is a cartel?
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