Econ- Chapter 8 and 9

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

In a perfectly competitive market, there would be:

Natural monopolies are businesses that:

What is the main purpose of advertising in monopolistic competition?

Nonprice competition is a characteristic of both:

One advantage of an oligopoly is:

When two or more companies in the same business combine into one corporation, the transaction is known as:

In a perfectly competitive market, prices are determined by:

A merger that controls all steps in the production process is known as: