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| pure competition, is an ideal market structure in which buyers, or consumers and sellers, or producers, each compete directly. |
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| one seller controls all production of a good or service. |
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| sellers offer different, rather then identical, products. |
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| or point out diffrences, between their products and those of their competitors. |
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| pointing out diffrences between two products. |
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| competeing on a basis other than price. |
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| a market structure in which a few large sellers control most of the production of a good or service. |
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| by being very responsive to- or dependent on-the pricing actions of their competitors. |
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| one of the largest sellers in the market takes the lead by setting a price for its products. |
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| sellers aggressively undercut each other's prices in an attempt to gain market share. |
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| when sellers secretly agree to set production levels or prices for their products. |
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| companies openly organize a system of price setting and market sharing. |
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| a single large seller that produces a good or service most efficiently. |
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| large scale seller's can usethere capital more efficiently then small scale seller's. |
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| the geography of the land makes it so only one company is willing to set up shop there, thus making a monopoly. |
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| a single company being the only one with the technology to build a good or service. |
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| gives a person or company an exclusive right to build a certain good. |
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| the U.S. goverment gives exclusive rights to publish a song , or a book to authors and musicians. |
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| the goverment provides public goods that can't always be sold through normal businesses. |
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| "big business" or huge monopolies. |
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| designed to moniter and regulate big businesses. |
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