Ask Question
18 August, 16:49

Match each economic term with its description.

Description:

1. There are no barriers to entry in the market.

2. Three companies secretly enter into a price agreement.

3. Every company in this market structure is aware of the actions of the other companies.

4. There is a single seller in the market.

Terms:

A) Monopoly

B) Oligopoly

C) Perfect competition

D) Collusion

Random answers will be reported

+5
Answers (1)
  1. 18 August, 17:18
    0
    1. D

    2. B

    3. C

    4. A
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Match each economic term with its description. Description: 1. There are no barriers to entry in the market. 2. Three companies secretly ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers