Perfect Competition
Do buyers or sellers have control over price?
What is no
Number of producers
What is many producers
Number producers
What is Few
Number of sellers
What is one
Farmer market,Stock market, and Agricultural
What is examples of perfect competition
All companies can enter or _______ the industry
What is leave
Level of price control
What is moderate
Advantages of a Monopoly
What is decide the product prices
Any company can enter and leave the market
What is the Free entry and exit?
Products of a Monopolistic Competition are
What is Differentiated
Barriers of entry
Who is there competition in the market?
What is no competition
A large number of sellers and buyers in the market.
What is number of sellers and buyers
Which is not in Monopolistic Competition? Restaurants, Hairdresser, TV programs, Car Brands
What is Car Brands
Do prescription drugs get classified under an oligopoly or a Monopoly?
What is Oligopoly
What are the prices like in a Monopoly?
What is higher prices or price discrimination
What are the differences between products in a market?
What is identical
Limitation of entering as a newfirm
What is not be seen as a close substitute.
Railroads, mass media, soda
Examples of Oigopoly
An example of Monopoly is
What is Water