Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market...
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Transcript of Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market...
![Page 1: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/1.jpg)
Vocab and Journals12/1/15Vocab: Perfect CompetitionJournals:1.) How does a perfect market achieve equilibrium? (4)
2.) What prevents one firm from raising its prices?
3.) Fill in the Graphic Organizer on p. 159
![Page 2: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/2.jpg)
Vocab and Journals
12/2/15
Vocab.: Barriers to Entry
Journals:1.) How can entrepreneurs overcome barriers to enter the market?
![Page 3: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/3.jpg)
Vocab and Journals
12/3/15
Vocab: Monopoly & Natural Monopoly
Journals:1.) List the three characteristics of a monopoly and a natural monopoly.
![Page 4: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/4.jpg)
Vocab and Journals12/4/15
Vocab: Economies of Scale
Journals:1.) What real world example for Economies of Scale does the book provide? Think of one other example.
2.) Think of a real life example of how technology has broken up a monopoly in your lifetime?? There is more than one.
![Page 5: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/5.jpg)
Vocab and Journals12/7/2015Vocab: Patent & License
Journals:1.)How can gov’t actions lead to the creation of a monopoly? Give at least two examples.
2.) Why are patents and licenses important to our economy?
![Page 6: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/6.jpg)
Vocab and Journals12/8/15
Vocab: Franchise & Monopolistic Competition
Journals:1.) Do you think price discrimination is fair?2.) List the four conditions of monopolistic competition.3.) How does differentiation help firms sell their products?
![Page 7: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/7.jpg)
Vocab and Journals
12/9/2015
Vocab: Oligopoly & Trust
Journals:1.) List three oligopolies in our economy.2.) Complete a Venn Diagram comparing and contrasting Monopolies and Oligopolies.
![Page 8: Vocab and Journals 12/1/15 Vocab: Perfect Competition Journals: 1.) How does a perfect market achieve equilibrium? (4) 2.) What prevents one firm from.](https://reader035.fdocuments.in/reader035/viewer/2022081808/5a4d1b4f7f8b9ab0599a7147/html5/thumbnails/8.jpg)
Vocab and Journals
12/10/15
Journals:1.) Write a sentence/short story using predatory pricing, collusion, price fixing, trust and anti-trust.