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Card 16

Front

What is perfect competition?

Back

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Card 17

Front

What is a pure monopoly?

Back

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Card 18

Front

What is spectrum of competition?

Back

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Card 19

Front

What is imperfect competition?

Back

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Card 20

Front

What are the characteristics of a business having monopoly power?

Back

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Card 21

Front

What is normal profit?

Back

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Card 22

Front

What is abnormal profit?

Back

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Card 23

Front

What is a legal monoploy?

Back

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Card 24

Front

What is a natural monopoly?

Back

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Card 25

Front

What is X-inefficiency?

Back

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