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More cards in this set
Card 16
Front
What is perfect competition?
Back
Card 17
Front
What conditions must there be for perfect competition to exist?
Back
Card 18
Front
If there is perfect competition, what pricing strategy must the market have?
Back
Card 19
Front
What pricing strategy can businesses with monopoly power choose from?
Back
Card 20
Front
What impact will strong competition have on consumers?
Back
Card 21
Front
What impact will monopolistic competition have on consumers?
Back
Card 22
Front
What impact will oligopolistic markets have on consumers?
Back
Card 23
Front
What does non-price competition include?
Back
See full card set