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Market Structures

カード 27枚 作成者: Sean (作成日: 2013/12/04)

  • Perfect Competition

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  • 1

    Perfect Competition

    補足(例文と訳など)

    答え

    • a market structure in which a larger in which a larger number of firms all produce the same product.

    解説

  • 2

    Merger

    補足(例文と訳など)

    答え

    • combination of two or more companies into a single firm.

    解説

  • 3

    Predatory Pricing

    補足(例文と訳など)

    答え

    • selling a product below cost to drive competitors out of the market.

    解説

  • 4

    Patent

    補足(例文と訳など)

    答え

    • a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time.

    解説

  • 5

    Market Power

    補足(例文と訳など)

    答え

    • the ability of a company to change price and output like a monopolist.

    解説

  • 6

    Imperfect Competition

    補足(例文と訳など)

    答え

    • a market structure that does not meet the conditions of perfect competition.

    解説

  • 7

    Economies Of Scale

    補足(例文と訳など)

    答え

    • factors that cause a producer's average cost per unit to fall as output rise.

    解説

  • 8

    Monopolistic Competition

    補足(例文と訳など)

    答え

    • a market structure in which many companies sell products that are similat but not identical.

    解説

  • 9

    Trust

    補足(例文と訳など)

    答え

    • like a cartel, an illegal grouping of companies that discourages competition.

    解説

  • 10

    Cartel

    補足(例文と訳など)

    答え

    • a formal organization of producers that agree to coordinate prices and production.

    解説

  • 11

    Start-up Cost

    補足(例文と訳など)

    答え

    • the expenses a firm must pay before it can begin to produce and sell goods.

    解説

  • 12

    Franchise

    補足(例文と訳など)

    答え

    • the right to sell a good or service within an exclusive market.

    解説

  • 13

    Government Monopoly

    補足(例文と訳など)

    答え

    • a monopoly created by the government

    解説

  • 14

    Non-price Competition

    補足(例文と訳など)

    答え

    • a way to attract customers through style, service, or location, but not a lower price.

    解説

  • 15

    Barrier To Entry

    補足(例文と訳など)

    答え

    • any factor that makes it difficult for a new firm to enter a market.

    解説

  • 16

    Monopoly

    補足(例文と訳など)

    答え

    • a market dominated by a single seller.

    解説

  • 17

    Price Discrimination

    補足(例文と訳など)

    答え

    • division of customers into groups based on how much they will pay for a good.

    解説

  • 18

    Price War

    補足(例文と訳など)

    答え

    • a series of competitive price cuts that lowers the market price below the cost of production.

    解説

  • 19

    Price Fixing

    補足(例文と訳など)

    答え

    • an agreement among firms to charge one price for the same good.

    解説

  • 20

    Deregulation

    補足(例文と訳など)

    答え

    • the removal of some government conrols over a market.

    解説

  • 21

    Differentiation

    補足(例文と訳など)

    答え

    • making a product different from other similar products.

    解説

  • 22

    Oligopoly

    補足(例文と訳など)

    答え

    • a market structure in which a few larger firms dominate a market.

    解説

  • 23

    License

    補足(例文と訳など)

    答え

    • a govenment issued right to operate a business.

    解説

  • 24

    Collusion

    補足(例文と訳など)

    答え

    • an agreement among firms to divide the market, set prices, or limit production.

    解説

  • 25

    Antitrust Laws

    補足(例文と訳など)

    答え

    • laws that encourage competition in the marketplace.

    解説

  • 26

    Commodity

    補足(例文と訳など)

    答え

    • a product that is the same no matter who produces it, sich as perroleum, notebook paper, or milk.

    解説

  • 27

    Natural Monopoly

    補足(例文と訳など)

    答え

    • a market that runs most efficiently when one large firm supplies all of the output.

    解説

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