Market Types KL
When only one seller holds control of a unique product
Monopoly
When a member of a company LLC dies the lifespan would be_______.
Unlimited
These technologies are a part of an Oligopoly
Airlines/Smartphones
Types of Taxation
Single and Double
The way industries are categorized based off of the level or nature of competition between companies that are selling goods
Market Structure
Business that has board members as a decision makers________.
A select couple of the many industries that are controlled by a Monopoly
Railways/Postal/Healthcare
Decision making
Deciding who is responsible for operating the business on a daily basis
A market type that is easy to participate in with many buyers and sellers that have little to no product range
Pure Competition
In this type of liability the owner ids responsible to pay debt
Unlimited
This important industry is an example of Perfect Competition
Crop/Dairy industry
A market structure where one seller or producer has complete control over a good or service
Monopoly
Both have many buyers and sellers but while pure competition has no product differentiation _________ has a lot
Monopolistic Competition
Type of business that has two or more owners
Partnership
Toothpaste, Soap, and Shoes are all connected to this certain market structure
Monopolistic Competition
A market in which a few large firms dominate
Oligopoly
The market type that is the most competitive with price control
Oligopoly
Partnership has a ______ liability
Unlimited
This particular market structure is the definition of Funeral Homes and the Music Industry
Oligopoly
The Sherman Antitrust Act of 1890
Outlawed the creation of trusts, restraint of trade, and monopolization