$100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

Business Organizations

Government Regulation

Types of Monopolies

Market Structures

Vocabulary

Business Organizations Government Regulation Types of Monopolies Market Structures Vocabulary $ $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500

type of business organization in C 1 - $100 The least common type of business organization in the U.S.?

C 1 - $200 A business owned and operated by one person

Corporation that has manufacturing or service operations in a number of countries

A government document that gives permission to create a corporation

In a limited partnership an inactive partner has this for the business's debts

C 2 - $100 Enforces purity, effectiveness and truthful labeling of food, drugs, and cosmetics

Enforces antitrust laws, price fixing and other deceptive practices

C 2 - $300 Regulates the sale of stocks, bonds, and securities

C 2 - $400 outlawed restraints and monopolies that hindered trade

C 2 - $500 Outlawed Price Discrimination

A monopoly owned and operated by the government like water service

Costs are minimized by single firm producing the product

C 3 - $300 Market structure where one firm has a monopoly because of it’s location

C 3 - $400 Monopoly based on ownership or control of a manufacturing method, process, or other scientific advance

C 3 - $500 Justification for a natural monopoly that a larger firm can be more efficient

buyers and sellers of identical products Large number of buyers and sellers of identical products

companies dominate the market Situation in which a few large companies dominate the market

When a major car company lowers it’s prices other car makers will probably…

This market structure has the least competition

C 4 - $500 Monopolistic competition, oligopoly, and monopoly are characterized as this

Non-cash charge a company takes for the general wear and tear on its capital goods

C 5 - $200 Sales strategy focusing on a product’s image, quality or design rather than price

Price paid for the use of another’s money

C 5 - $400 Unintended side effect of some economic activity

Philosophy that government should C 5 - $500 Philosophy that government should not interfere with business activities

C 1 A - $100 partnerships $

C 1 A - $200 Sole Proprietorship $

C 1 A - $300 Multinational $

C 1 A - $400 Charter $

C 1 A - $500 Limited Liability $

C 2 A - $100 Food and Drug Administration ( FDA ) $

C 2 A - $200 Federal Trade Commission ( FTC) $

Securities and Exchange Commission C 2 A - $300 Securities and Exchange Commission ( SEC ) $

C 2 A - $400 Sherman Antitrust Act $

C 2 A - $500 Clayton Antitrust Act $

C 3 A - $100 Government Monopoly $

C 3 A - $200 Natural Monopoly $

C 3 A - $300 Geographic Monopoly $

C 3 A - $400 Technological Monopoly $

C 3 A - $500 Economies of Scale $

C 4 A - $100                                               Perfect Competition $

C 4 A - $200 Oligopoly $

C 4 A - $300 Lower their prices $

C 4 A - $400 Monopoly $

C 4 A - $500 Imperfect Competition $

C 5 A - $100 depreciation $

C 5 A - $200 Nonprice Competition $

C 5 A - $300 Interest $

C 5 A - $400 Externality $

C 5 A - $500 laissez-faire $

FJ Topic competition $

FJ Question Real or imagined differences between competing products in monopolistic competition $

Product differentiation FJ Ans Product differentiation $

END OF GAME