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Match each economic term with its description.

Tiles:

There are no barriers to entry in the

market.

There is a single seller in the market.

Three companies secretly enter into a

price agreement.

Every company in this market structure

is aware of the actions of the other

companies.

monopoly

oligopoly

perfect competition

collusion

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Answers (1)
  1. 14 September, 03:55
    0
    Every company in this market structure

    is aware of the actions of the other

    companies. - Oligopoly

    Three companies secretly enter into a

    price agreement. - Collusion

    There is a single seller in the market. - Monopoly

    There are no barriers to entry in the

    market. - Perfect Competition
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