More cards in this set

Card 6

Front

In perfect competition, an increase in price would...

Back

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Card 7

Front

What is monopsony?

Back

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Card 8

Front

What is an oligopoly?

Back

Preview of the front of card 8

Card 9

Front

What are supernormal profits?

Back

Preview of the front of card 9

Card 10

Front

let's suppose a market has fifty competitors. However, the top three dominate 90% of the market. What market is this?

Back

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