26 July, 11:36

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

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