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Market Structures Scramble

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Market Structures Scramble

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About this activity

Unscramble key market structure terms.

Created by

Anvar Xolmirzayev
Anvar Xolmirzayev
Uzbekistan

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Market Structures Scramble
 

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Market Structures ScrambleOnline version

Unscramble key market structure terms.

by Anvar Xolmirzayev
1

Many buyers and sellers interact, influencing prices and driving efficiency.

2

A single seller dominates the market, controlling prices and output with high barriers to entry.

3

A few large firms dominate, interdependent decisions and potential price or quantity coordination.

4

Many firms offer differentiated products, leading to price competition and some market power.

  
  
5

Many firms with identical products, free entry and exit, price takers.

  
  
6

Obstacles that prevent or reduce new competitors entering a market.

     
  
  
7

A firm that must accept prevailing market prices because it cannot influence them.

  
  
8

A firm that can influence prices due to market power.

  
  
 
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