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Business Organizations
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Government Regulation
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Types of Monopolies
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Market Structures
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Vocabulary
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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
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type of business organization in
C 1 - $100 The least common type of business organization in the U.S.?
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C 1 - $200 A business owned and operated by one person
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Corporation that has manufacturing or service operations in a number
of countries
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A government document that gives permission to create a corporation
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In a limited partnership an inactive partner has this for the
business's debts
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C 2 - $100 Enforces purity, effectiveness and truthful labeling of food, drugs, and cosmetics
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Enforces antitrust laws, price fixing and other deceptive practices
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C 2 - $300 Regulates the sale of stocks, bonds, and securities
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C 2 - $400 outlawed restraints and monopolies that hindered trade
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C 2 - $500 Outlawed Price Discrimination
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A monopoly owned and operated by the government like water service
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Costs are minimized by single firm producing
the product
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C 3 - $300 Market structure where one firm has a monopoly because of it’s location
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C 3 - $400 Monopoly based on ownership or control of a manufacturing method, process, or other scientific advance
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C 3 - $500 Justification for a natural monopoly that a larger firm can be more efficient
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buyers and sellers of identical products
Large number of buyers and sellers of identical products
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companies dominate the market
Situation in which a few large companies dominate the market
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When a major car company lowers it’s
prices other car makers will probably…
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This market structure has the least competition
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C 4 - $500 Monopolistic competition, oligopoly, and monopoly are characterized as this
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Non-cash charge a company takes for the general wear and
tear on its capital goods
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C 5 - $200 Sales strategy focusing on a product’s image, quality or design rather than price
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Price paid for the use of another’s money
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C 5 - $400 Unintended side effect of some economic activity
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Philosophy that government should
C 5 - $500 Philosophy that government should not interfere with business activities
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C 1 A - $100 partnerships $
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C 1 A - $200 Sole Proprietorship $
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C 1 A - $300 Multinational $
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C 1 A - $400 Charter $
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C 1 A - $500 Limited Liability $
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C 2 A - $100 Food and Drug Administration ( FDA ) $
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C 2 A - $200 Federal Trade Commission ( FTC) $
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Securities and Exchange Commission
C 2 A - $300 Securities and Exchange Commission ( SEC ) $
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C 2 A - $400 Sherman Antitrust Act $
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C 2 A - $500 Clayton Antitrust Act $
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C 3 A - $100 Government Monopoly $
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C 3 A - $200 Natural Monopoly $
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C 3 A - $300 Geographic Monopoly $
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C 3 A - $400 Technological Monopoly $
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C 3 A - $500 Economies of Scale $
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C 4 A - $100 Perfect Competition $
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C 4 A - $200 Oligopoly $
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C 4 A - $300 Lower their prices $
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C 4 A - $400 Monopoly $
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C 4 A - $500 Imperfect Competition $
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C 5 A - $100 depreciation $
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C 5 A - $200 Nonprice Competition $
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C 5 A - $300 Interest $
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C 5 A - $400 Externality $
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C 5 A - $500 laissez-faire $
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FJ Topic competition $
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FJ Question Real or imagined differences between competing products in monopolistic competition $
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Product differentiation
FJ Ans Product differentiation $
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