More cards in this set

Card 16

Front

What is perfect competition?

Back

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Card 17

Front

What conditions must there be for perfect competition to exist?

Back

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Card 18

Front

If there is perfect competition, what pricing strategy must the market have?

Back

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Card 19

Front

What pricing strategy can businesses with monopoly power choose from?

Back

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Card 20

Front

What impact will strong competition have on consumers?

Back

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Card 21

Front

What impact will monopolistic competition have on consumers?

Back

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Card 22

Front

What impact will oligopolistic markets have on consumers?

Back

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Card 23

Front

What does non-price competition include?

Back

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