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Market structures
Types of Monopoly
Stocks
Businesses
Labor and ETC
100
A state of total competition, this structure is open to everyone & no one competitor raise or lower prices of the good or service, no market power
What is Perfect/Pure Competition?
100
Government agency or corporation is the sole provider of a good/surface & competition is prohibited by law
What is Governmental?
100
stocks or trade in a company that are worth $5 or less
What is a penny stock
100

open a building recognizable to the public because it’s already an established brand, and run your business in the way that this parent company tells you

Franchise 

100

What's an Example of a Public Good

Firefighter, Police, Military ETC.

200
A state of exclusive possession or control of the supply or trade in a good or service, all market power
What is Monopoly?
200
Single firm controls the manufacturing methods necessary for a certain products or hold rights over the technology used to produce the product.
What is Technological
200
issuer pledges to pay the loan principal to the bondholder on a fixed date
What is a bond
200

someone who owns an unincorporated business by themselves

Sole Proprietorship

200

What is the main purpose of a labor union?

To protect workers and their rights

300
Limited competition, market is shared by a small number of producers or sellers, most market power but not all
What is Oligopoly?
300
Certain company holds the entire market for a good or service
What is Geographic
300
a price weighted avg of 30 significant stocks traded on the NYSE and the NASDAQ
What is Dow-Jones Industrial Average
300

two of more owners who split profit equally or have a agreement otherwise

partnership

300

A welder goes to trade school to learn more about her craft. She seeks to gain more

Human Capital

400
Varying competition, produces differentiated product, some market power
What is Monopolistic Competition?
400
A result of a high/fixed startup cost of beginning a business, the first supplier has a large advantage
what is natural monopoly
400
Investing in different asset classes to reduce investment risk and avoid damaging your portfolio by the poor performance of a single industry
What is Portfolio diversification
400

These businesses have their stock available for purchase and anyone can become a shareholder. They face heavy taxation and close government regulation

Corporation 

400

A company decides to move 5 jobs to 8 people overseas because it will save them money, what is this Called?

Outsourcing

500
Collection of factors of buyers and sellers interacting in a market (Four basic structures)
What is a Market Structure?
500
This is the effort to distinguish a product from similar products
What is Product differentiation?
500
a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earning
What is stocks
500

You Borrow your Friends Netflix Password to watch a show, what kind of Market Failure is this on the part of Businesses'? 

Free Rider Problem

500

a Big Construction Job at your school leaves trash in Ditches, What kind of Externality is this? 

Negative