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4
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monopoly created by the government
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5
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when monopolist divide consumers into 2 or more groups and charge a different price to each group
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7
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enables monopolistically competitive seller to profit from differences between his or her products and competitor's products
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8
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agreement by organization of produces to coordinate prices and production
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9
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agreement among members of an oligopoly to illgelaly set prices
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10
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describes a market dominated by few large profitable firms
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11
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when prices and output are controlled like a monopoly when firms merge, form a cartel and set prices
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12
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contract issued by a local authority that gives a single firm the right to sell goods w/i exclusive market
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13
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market that runs most efficiently when a large firm provides all of the output
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