AS 4.3

Companies engaged in __________________ pricing are trying to drive small businesses out.

• predatory
• lion

• aggressive

Origins of anti-trust laws come from __________________ of 1800s.

• Big Business

• Agriculture Revolution

• Professional Sports

__________________________ are the primary focus of anti-trust today.

• mergers
• Internet

• Farms

__________________________ are high in an oligopoly.

• prices
• Start-up Costs

• Fines

Which of the following are 3 characteristics of a monopoly?

• One Seller

• Restricted Market

• Price Control

• Low Barriers

Which of the following are 3 unfair business practices?

• Price Fixing

• Market Allocation

• Predatory Pricing

• Advertising

Which of the following are TYPES OF MONOPOLIES?

• Natural

• Government

• Technological

• Geographic

Which of the following are CHARACTERISTICS of PERFECT COMPETITION?

• Many buyers and sellers

• Standardized Products

• Freedom to enter and exit

• Uninformed buyers

Match the definition from column B with the correct term in column A.

• a firm that must accept market price.

• Monopoly

• an economic model of competition among b

• Market Structure

• the effort of 2 or more organizations to

• Competition

• a formal organization that regulates pro

• Cartel

• market structure in which there is only

• Price Taker

Match the following

• a legal registration of an invention wit

• Barrier

• a group of firms combined to reduce comp

• Regulation

• anything that hinders progress or perfor

• Trust

• a moderated discussion with a group of c

• Patent

• a set of rules or laws designed to contr

• Focus Group