Match each concept with its corresponding definition:- Pure and perfect competition. Imperfect competition. The monopoly. The oligopoly. Monopolistic competition. Barriers to entry into an industry. A. All restrictions that do not allow the company to produce a certain type of production. B. A type of market where several companies sell a standardized or differentiated product with limited ability to control prices, having high barriers to enter the market and considerable restrictions on access to the economic information. C. A type of market where many companies produce and sell standardized products, there are no barriers to entry into the industry, one has free access to economic information and none of these companies is powerful to influence (increase or decrease) the market price. D. A type of market in which there are one, several or a considerable number of companies in the industry that control the price level in a certain way; on the other hand, there are barriers to entry into the industry, as well as restrictions on access to economic information. E. A type of market that includes the following characteristics: a single company produces and sells a single product; the company has total control over the price of that product; there are very high barriers to entry into this type of industry and access to economic information is very limited. F. A type of market stating that there are many companies in the industry that produce differentiated goods and partially control prices; barriers to entry are low and restrictions on access to economic information are not significant.
Match each concept with its corresponding definition:-
- Pure and
perfect competition . - Imperfect competition.
- The
monopoly . - The oligopoly.
Monopolistic competition .- Barriers to entry into an industry.
A. All restrictions that do not allow the company to produce a certain type of production.
B. A type of market where several companies sell a standardized or differentiated product with limited ability to control prices, having high barriers to enter the market and considerable restrictions on access to the economic information.
C. A type of market where many companies produce and sell standardized products, there are no barriers to entry into the industry, one has free access to economic information and none of these companies is powerful to influence (increase or decrease) the market
D. A type of market in which there are one, several or a considerable number of companies in the industry that control the price level in a certain way; on the other hand, there are barriers to entry into the industry, as well as restrictions on access to economic information.
E. A type of market that includes the following characteristics: a single company produces and sells a single product; the company has total control over the price of that product; there are very high barriers to entry into this type of industry and access to economic information is very limited.
F. A type of market stating that there are many companies in the industry that produce differentiated goods and partially control prices; barriers to entry are low and restrictions on access to economic information are not significant.
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