A ________ is a product that is considered the same no matter who sells it, ex. corn.

A firm experiences ______________ with expenses that must be paid before goods can be produced and sold.

Market where a single seller dominates.

When a firm sees average production cost go down, they are experiencing...

The book discusses water service as being a ____________ monopoly; it would be ineffective otherwise.

We discussed whether _________ should become a public utility.

A government license to profit from your invention.

The thing businesses are aiming for.

A market structure where a few large firms dominate.

This is an unsavory practice that big businesses can take part in which results in higher costs for consumers.

This is an illegal grouping of companies that discourages competition.

Where supply and demand come together.

This can result if the government limits how much of an item you can get so everyone gets a little.

These are the goods that a firm has on hand.

Example: minimum wage

He just died in Syria while America Spec Ops dogs chased him down.

State where wildfires are ravaging communities.

Battle of the Classes Volleyball Winning class

If you expect gas to be more expensive tomorrow, you might buy gas ________.