Title: market structures and competition Flashcards | Quizlet
Headings: market structures and competition
market structures and competition
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Terms in this set (14)
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Market Structures and Competition
Profit
Market structures and competition

Content: High entry costs prevent new producers from entering the market. Producers completely refuse to engage in price wars. No major distinctions exist between producers. Producers actively segment the market to avoid competition. High entry costs prevent new producers from entering the market. In pure competition, producers compete exclusively on the basis of
sell identical items. advertise heavily to promote their good. product the unique features of their good. focus on maintaining a positive image. sell identical items.