|
|
|
1
|
also known as barrier to entry, are obstacles that make it difficult to enter a given market.
|
|
2
|
a firm within monopolistic competition produces goods that are differentiated in some way from its competitors' products.
|
|
3
|
he simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset.
|
|
4
|
an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
|
|
5
|
is a type of imperfect competition such that many producers sell products that are differentiated from one another.
|
|
7
|
selling a unique product in the market. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute.
|
|
9
|
a good that increases in value to each user as the total number of users increases. as a result a firm can achieve economies of scale.
|
|
12
|
a company that must accept the prevailing prices in the market of its products, its own transactions being unable to affect the market price.
|
|
14
|
a state in which opposing forces or influences are balanced.
|
|
19
|
strategic moves and counter-moves of rivals.
|
|
21
|
Market structure, a single seller, a unique product and impossible entry to the market.
|
|
23
|
a state of limited competition, in which a market is shared by a small number of producers or sellers.
|
|
|
