$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