Virtual AR- Module 7 Review

Match it! Select the correct answer from the pull down...Good luck!

A market controlled by one supplier is called what?

Many sellers sell similar products is what type of competition?

A few sellers dominate the market is what?

Which two items would be legal protection for inventors and creators.

True or False: Monopolies are legal in the US.

Two market structures that are most present in the United States?

Why must we have competition?

The situations that make starting a firm in a particular industry difficult is defined as _______.