Chapter 7 Vocabulary
Homework
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This space for rent.
Define the following words
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
Perfect Competition
monopoly
oligopoly
nonprice competition
price war
collusion
cartels
price fixing
product differentiation
franchise
economies of scale
commodity
price discrimination
merger
antitrust laws
Make a Poster
Divide poster paper into four different
quadrants
1. Upper left: word
2. Bottom left: textbook definition
3. Upper right: picture
4. Lower right: explanation in your own
words.
Poster Example
DOG
A domesticated carnivorous
mammal, originally derived
from several wild species of
the Canidae family.
A medium-sized animal that is often kept
as a pet because of their great loyalty.
They are normally characterized by
fetching frisbees, sleeping on the couch
when no one is looking, and chasing cats.
homework
Page 171
1 to 4 all