Market Structures HC
You're selling lemonade, but so is everyone else on the street. You have to charge the same price as everyone else.
Perfect Competiton
The owner of a lemonade stand joins with 2 more owners to bring the service on the road.
Partnership
A creative designer and a marketing expert come together to launch a new product line.
Partnership
What column does land fall under?
Limited recourses.
When the government removes the limits on the price of airline ticket.
deregulation
Airline tickets prices are similar across different companies. That's because only a few major companies dominate in this industry.
Oligopoly
An owner starts a business on his own and continues that business until he retires.
Limited Lifespan
A freelance graphic designer working from their home studio.
Sole Proprietorship
John bought the resource, oil for his car.
Natural resource.
You are running a business by yourself and suddenly decide to close it.
unlimited liability
A small town has only one gas station that controls the price of fuel because there are no other gas stations nearby.
Monopoly
A manager at a McDonald's location doesn't make decisions from day to day.
Board Members
A farmers market where many vendors are selling apples with minimal differences in quality and price.
Pure Competition
David chose to spend time studying instead of going out with his friends.
Opportunity cost.
My business is run by me and I am the general contributor and my partner is a donator.
limited partnership
Why do people pay extra for Starbucks when cheaper coffee exists? This market structure relies on branding and product differentiation over price cuts.
Monopolistic Competition
A local flea market is one type of business and Amazon is another type of business.
Sole Proprietor and Company LLC
A downtown area with many small independent restaurants offering similar cuisine but with distinct menus, atmosphere, and branding.
Monopolistic Competition
Leaving her econ class Tammy wondered what kind of resource air is?
Unlimited
A business earns money and the owner pays taxes on their personal income from the business.
single taxation
Creation of a self charging phone and the government grants an exclusive right to sell it.
Patent
An owner is accountable of the debt and responsibilities of a business.
Unlimited Responsibility
A small town where one person controls the only water supply allowing them to set high prices due to lack of competition.
Monopoly
Ben needed to charge his tesla but there was a lack of electric charging stations.
scarcity.
A company earns profit and decides to share a portion of that profit with its shareholders.
a dividend