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2 votes
Match each economic term with its description.

Description:

1. There are no barriers to entry in the market.

2. Three companies secretly enter into a price agreement.

3. Every company in this market structure is aware of the actions of the other companies.

4. There is a single seller in the market.


Terms:

A) Monopoly

B) Oligopoly

C) Perfect competition

D) Collusion


Random answers will be reported

1 Answer

3 votes

Answer:

1. D

2.B

3. C

4. A

Step-by-step explanation:

User Joozek
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