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2
|
Pure Competition
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3
|
Government providing public goods because normal price system does not work
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6
|
When sellers secretly agree to set production levels or prices
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8
|
Being very responsive to the pricing actions of their competitors
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9
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Profit limited by its geographic location that only a single seller decides to enter market
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10
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Single large seller that produces a good or service most effieciently
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11
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One of the largest sellers in market takes the lead by setting a price
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13
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Point out differences
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14
|
One seller controls all production of a good or service
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