Directions: Read the following items and fill in the blanks with the correct answer. Choices are provided in the box you can use the words in the box as many times needed. Few Many Differentiated Homogenous None Low Entry and Exit Cost High Price Maker Perfect Monopolistic Competition Characteristic Monopoly Oligopoly Competition of a. number sellers Many 1. 2. Many b. types products |c. entry or exit to market d. pricing of 3. Limited 4. 5. 6. 7. High 8. Price maker but Price Taker 9. interdependent | 10. behavior power
Directions: Read the following items and fill in the blanks with the correct answer. Choices are provided in the box you can use the words in the box as many times needed. Few Many Differentiated Homogenous None Low Entry and Exit Cost High Price Maker Perfect Monopolistic Competition Characteristic Monopoly Oligopoly Competition of a. number sellers Many 1. 2. Many b. types products |c. entry or exit to market d. pricing of 3. Limited 4. 5. 6. 7. High 8. Price maker but Price Taker 9. interdependent | 10. behavior power
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question

Transcribed Image Text:Directions: Read the following items and fill in the blanks with the correct answer.
Choices are provided in the box you can use the words in the box as many times
needed.
Few
Many
Differentiated
Homogenous
None
Low Entry and Exit Cost
High
Price Maker
Perfect
Monopolistic
Competition
Characteristic
Monopoly
Oligopoly
Competition
of
a. number
sellers
Many
1.
2.
Many
|b. types
products
c. entry or exit
of
3.
Limited
4.
5.
6.
7.
High
8.
to market
d. pricing
Price maker but
9.
interdependent 10.
behavior
Price Taker
power
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