Market Structures
The four market structures.
What is perfect competition, monopolistic, oligopoly, and monopoly.
The 3 types of business.
What is sole proprietorship, partnership, and corporation?
A barrier to entry.
What is the cost of entering a market?
Tyler "fortnite ____" Blevins.
Who is "Ninja"?
The three imperfect market structures
What is monopolistic competition, oligopolistic competition, and monopoly.
The most common type of business.
What is sole proprietorship?
The barrier to enter on a perfect competition market.
What are low barriers of entry?
The market structure in which all products are identical.
What is perfect competition.
A sole proprietorship.
What is a business owned by an individual with no distinction between the business and the owner?
The market structure with no need to advertise.
A partnership.
What is a business owned by 2 or more individuals?
The market structure in which products are not identical, but there is high number of sellers and need to advertise.
What is monopolistic competition.
A corporation.
What is a legal entity owned by individual stockholders?
I gave him a twelve year old a bottle of anti-freeze and told him it was a mini-shield.
What is a #VictoryRoyale?