Show:
Market structures
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

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

4 Different types of Market Structures 

Monopolistic, Oligopoly, Monopoly, Perfect Competition

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
A state of exclusive possession or control of the supply or trade in a good or service, all market power
What is Monopoly?
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

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
Limited competition, market is shared by a small number of producers or sellers, most market power but not all
What is Oligopoly?
500

18. What are the two biggest stock markets that operate in the United States?

Nasdaq and NYSE

500

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

Negative