7-3 vocabulary jw
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Occurs when many sellers offer similar, but not standardized products. | show 🗑
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| show | Product differentiation
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| show | Nonprice competition
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| a moderated discussion with small groups of consumers. | show 🗑
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| show | Oligopoly
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| show | Market share
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| The expenses that a new business faces when it enters a marekt. | show 🗑
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| show | Many sellers and many buyers product differentiation Limited control of price Freedom to enter or exit the market
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| show | Few sellers and many buyers Standardized or differentiated products More control over prices Little freedom to enter or exit market
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