Factors that make it difficult for new firms to enter a market are called
Market Structures

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Social Studies
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Barriers to entry
2.
FLASHCARD QUESTION
Front
What prevents firms from entering a monopoly?
Back
Barriers to Entry
3.
FLASHCARD QUESTION
Front
Businesses can "Collude" or work together to set prices. What type of market structure does this describe? Options: Oligopoly, Monopoly, Perfect Competition
Back
Oligopoly
4.
FLASHCARD QUESTION
Front
Choose the example that goes best with an oligopoly: apples, cell phone providers, utilities, clothing
Back
cell phone providers
5.
FLASHCARD QUESTION
Front
Which of the following industries is an example of a monopoly?
utilities/water, department stores, auto industry, commercial airlines
Back
utilities/water
6.
FLASHCARD QUESTION
Front
The jeans industry would fall into what type of market structure? ( jeans are similar but there are some differences in the product)
Back
monopolistic competition
7.
FLASHCARD QUESTION
Front
A market that has a few sellers of basically the same goods.
Back
Oligopoly
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