Slide 1 Sydney Hall Slide 2  A monopoly occurs when a market is dominated by a single seller. They form when barriers prevent other firms form entering a market that has…

Slide 1 Economics Chapter 7 Market Structures Slide 2 Perfect competition is a market structure in which a large number of firms all produce the same product. There are Four…

Monopoly What is a Monopoly? A market dominated by a single seller What is a Monopoly? A monopoly forms when barriers prevent firms from entering a market that has a single…

Date: April 14, 2011 Topic: Regulation and Deregulation Aim: How does the government protect and promote competition? Do Now: Read the article. Patents One way how the government…

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Chapter 7 Section 1 Perfect Competition Key Terms and Definitions Perfect competition- a market structure in which a large number of firms all produce the same product. Commodity-…

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