What two methods does the federal government use to keep businesses competitive

Write a paragraph or two explaining market structures and their characteristics. Use all of the following terms. market structure perfect competition monopoly oligopoly monopolistic competition cartel barriers to entry economies of scale

Now write a paragraph summarizing how the government tries to regulate unfair business practices. Use all of the following terms.antitrust legislation merger conglomerate deregulation

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate A completely business would have no competition because there would be nothing else like it in the marketplace.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate In perfect competition, there is nothing to the entry of new sellers in a market.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate Supply and demand to reach an equilibrium price.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate New sellers have easier entry into a market when the costs of investment are small.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate An oligopoly exists when a small number of companies an industry.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate The government tries to competition through regulation.

Choose the letter of the term that best completes each sentence. a. initial b. interact c. unique d. revolution e. dominate f. prohibit g. promote a. initial b. interact c. unique d. revolution e. dominate Every few years, a new technological spurs fresh competition in the marketplace.

What five conditions are necessary for perfect competition to exist?

In a perfectly competitive market structure, how much control does a single seller have over market price?

What is one example of an almost perfectly competitive market?

What are the three types of market structures with imperfect competition?

Fill in a graphic organizer like the one below to list and describe the four categories of pure monopolies.

How much control does an oligopoly have over price? Why?

What are the differences between an oligopoly and monopolistic competition?

What is the difference between a horizontal merger and a vertical merger?

What two methods does the federal government use to keep businesses competitive?

List some industries that are regulated by government (common examples include electricity providers, broadcast television, airlines). Choose one, and then fill in a chart like the one below to help you analyze the advantages and disadvantages of government regulation of this industry. Then answer the questions that follow. In your opinion, should this industry be regulated by the government? Why or why not?

List some industries that are regulated by government (common examples include electricity providers, broadcast television, airlines). Choose one, and then fill in a chart like the one below to help you analyze the advantages and disadvantages of government regulation of this industry. Then answer the questions that follow. What would happen if this industry were to be completely deregulated? Justify your opinion with logical arguments and examples.

Why is more competition generally good for consumers? What effect does competition have on suppliers?

Why are oligopolies typically interdependent?

What are the basic differences between the goals of antitrust legislation and the goals of federal government regulatory agencies?

In a situation of perfect competition, what would happen if barriers to entry in the market suddenly sprang up?

Study the cartoon on the right, and then answer the following questions. a. Who do the two men pictured in this cartoon represent? b. What has happened to the speakers competition? c. With what crime does the cartoon imply the man has been charged?