there are no barriers to entry in the market. there is a single seller in the market. three companies…

there are no barriers to entry in the market. there is a single seller in the market. three companies secretly enter into a price agreement. every company in this market structure is aware of the actions of the other companies. monopoly oligopoly perfect competition collusion

there are no barriers to entry in the market. there is a single seller in the market. three companies secretly enter into a price agreement. every company in this market structure is aware of the actions of the other companies. monopoly oligopoly perfect competition collusion

Answer

Brief Explanations:

  • Monopoly: A market with a single - seller.
  • Oligopoly: A few firms where each is aware of others' actions.
  • Perfect competition: No barriers to entry.
  • Collusion: Firms secretly enter into a price - agreement.

Answer:

monopoly → There is a single seller in the market. oligopoly → Every company in this market structure is aware of the actions of the other companies. perfect competition → There are no barriers to entry in the market. collusion → Three companies secretly enter into a price agreement.