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Market Structures
Economic Measurements
100
the exclusive control of the supply or trade in one company or service
What is a monopoly?
100
the prevalence of umemployment
What is unemployment rate?
200
a state or manner of limited competition when a market is shared by a small number of sellers
What is a oligopoly
200
total value of goods produced and services provided in a country during one year
What is gross domestic product?
300
a market with a large range of competitors selling the same product
What is pure competition?
400
a type of imperfect competition; many producers selling different products that are not perfect substitutes
What is monopolistic competition?
500
the number of firms producing products that are alike
What is a market structure?