Chapter 7 Vocabulary - PowerPoint PPT Presentation

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Chapter 7 Vocabulary

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Chapter 7 Vocabulary Homework Page 171 1 to 4 all This space for rent. Define the following words 1. Perfect Competition 2. monopoly 3. – PowerPoint PPT presentation

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Title: Chapter 7 Vocabulary


1
Chapter 7 Vocabulary
Homework Page 171 1 to 4 all
  • This space for rent.

2
Define the following words
  • 1.     Perfect Competition
  • 2.     monopoly  
  • 3.     oligopoly 
  • 4.     nonprice competition
  • 5.     price war 
  • 6.     collusion 
  • 7.     cartels 
  • 8.     price fixing 
  • 9.     product differentiation 
  • 10.   franchise 
  • 11.   economies of scale
  • 12.  commodity
  • 13. price discrimination
  • 14. merger
  • 15. antitrust laws

3
Make a Poster
  • Divide poster paper into four different quadrants
  • Upper left word
  • Bottom left textbook definition
  • Upper right picture
  • Lower right explanation in your own words.

4
Poster Example
  • DOG

A medium-sized animal that is often kept as a pet
because of their great loyalty. They are normally
characterized by fetching frisbees, sleeping on
the couch when no one is looking, and chasing
cats.
A domesticated carnivorous mammal, originally
derived from several wild species of the Canidae
family.
5
homework
  • Page 171
  • 1 to 4 all
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