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Economic Terms #3

カード 27枚 作成者: Sean (作成日: 2013/12/04)

  • perfect commodity

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  • 1

    perfect commodity

    補足(例文と訳など)

    答え

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

    解説

  • 2

    market power

    補足(例文と訳など)

    答え

    • ability of a company to change prices and output like a monopolist

    解説

  • 3

    nonprice competition

    補足(例文と訳など)

    答え

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

    解説

  • 4

    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

  • 5

    merger

    補足(例文と訳など)

    答え

    • combination of two or more companies into a single firm

    解説

  • 6

    natural monopoly

    補足(例文と訳など)

    答え

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

    解説

  • 7

    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

  • 8

    start-up costs

    補足(例文と訳など)

    答え

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

    解説

  • 9

    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

  • 10

    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

  • 11

    trust

    補足(例文と訳など)

    答え

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

    解説

  • 12

    monopoly

    補足(例文と訳など)

    答え

    • market dominated by single seller

    解説

  • 13

    government monopoly

    補足(例文と訳など)

    答え

    • monopoly created by the government

    解説

  • 14

    commodity

    補足(例文と訳など)

    答え

    • product that is the same no matter who produces it, such as petroleum, notebook paper, or milk

    解説

  • 15

    cartel

    補足(例文と訳など)

    答え

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

    解説

  • 16

    patent

    補足(例文と訳など)

    答え

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

    解説

  • 17

    price war

    補足(例文と訳など)

    答え

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

    解説

  • 18

    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/service

    解説

  • 19

    deregulation

    補足(例文と訳など)

    答え

    • the removal of some government controls over a market

    解説

  • 20

    imperfect competition

    補足(例文と訳など)

    答え

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

    解説

  • 21

    monopolistic competition

    補足(例文と訳など)

    答え

    • market structure in which many companies sell products that are similar but not identical

    解説

  • 22

    antitrust laws

    補足(例文と訳など)

    答え

    • laws that encourage competition in the marketplace

    解説

  • 23

    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

  • 24

    economics 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 rises

    解説

  • 25

    oligopoly

    補足(例文と訳など)

    答え

    • market structure in which a few large firms dominate a market

    解説

  • 26

    license

    補足(例文と訳など)

    答え

    • government-issued right to operate a business

    解説

  • 27

    differentiation

    補足(例文と訳など)

    答え

    • making a product different from other similar products

    解説

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