drag the tiles to the correct boxes to complete the pairs. match each economic term with its description…

drag the tiles to the correct boxes to complete the pairs. match each economic term with its description. 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

drag the tiles to the correct boxes to complete the pairs. match each economic term with its description. 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 is characterized by a single - seller market.
  • Oligopoly has a few firms where each is aware of others' actions.
  • Perfect competition has no barriers to entry.
  • Collusion is when firms secretly agree on prices.

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.