Základní ekonomické otázky

What are the basic economic questions?

• What, How, and for whom to produce

• Where to sell goods

• How to regulate the market

• Who are the market participants

What is a market?

• A place where supply meets demand

• A location for government regulation

• A type of economic system

• A place for consumer goods only

Who are the market participants?

• Households, Firms, State

• Only Firms

• Only Households

• Consumers only

What to produce?

• What goods and services, in what quantity and at what price

• How to produce goods

• Who will be the consumer

• Where to sell products

What is perfect competition?

• Price competition and non-price competition

• Only price competition

• Only non-price competition

• No competition

What characterizes monopolistic competition?

• A single producer

• Many buyers and sellers offering similar products

• No competition

• High barriers to entry

What is a monopoly?

• Many producers

• A single producer with a unique product

• A market with no competition

• A market with many substitutes

What is an oligopoly?

• A market with many producers

• A market with few producers that can influence prices

• A market with no producers

• A market with perfect competition

What happens in a market with a shortage of goods?

• Prices decrease

• Prices increase and competition enters the market

• Prices remain stable

• No effect on the market

What is demand?

• The amount of goods buyers are willing to buy at a certain price

• The total supply of goods in the market

• The price of goods

• The competition in the market