Notes: Competition
Types of
Market
Structures
Condition 1
Condition 2
Name: ____________________
Condition 3
Condition 4
Examples
Pure
Competition
Monopolistic
Competition
X
Oligopoly
X
X
Monopoly
Pure competition relies on Non-Price Competition. This means they don’t rely on price when
buying. Instead, they look at things like:
1.
2.
3.
4.
•
Product Differentiation:
examples:
Four Types of Monopoly
Type of Monopoly
•
Definition
Examples
The ____________________________ is the recurring up and down of the economy.
Peak:
Recession:
Trough:
Expansion:
Depression:
Federal Regulatory Agencies
Regulatory
Agency
What It Stands For
Definition
FAA
Federal Aviation Administration
Regulates and oversee all
aspects of American civil aviation.
• Consumer Price Index:
• Inflation:
• Deflation:
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