Flashcards in Chapter 9 Deck (22):
Situation occurring when the majority of members of the boards of directors of competing corporation are the same.
Federal regulation and control over business of formerly heavily-regulated industries
A market that has so many sellers that each one accounts for a small part of total sales.
Exist when any individual or group buys or sells a good or service in amounts large enough to affect price.
Arrangement among group of business, usually international, to reduce competition by controlling price, production, and the distribution of
Gradual reduction of government regulation and control over business activity.
Buy-out of a company by one in the same business
Manufacturers' use of minor differences in quality and features to try to distinguish among similar goods and services
Market in which a large number of sellers offer similar, but slightly different products.
Market situations resulting when one firm forces it's competitors out of business by producing at the lowest cost.
Market situation in which there is one seller of a good or service.
Merger in which business that is buying or selling to another business merges with that business.
An industry in which a few suppliers that exercise some control over price dominate.
Right granted by the government to exclusively manufacture an invention for a specified number of years.
Laws passed by federal and state governments to prevent new monopolies form forming and to break up those that already exist.
Situation occurring when a corporation buys more than half the stock of another corporation
Buying out of unrelated business.
Obstacles to competition that prevent others from entering a market
Barriers to entry
Market situation resulting when a sellers develops a product or production process for which it obtains a patent.
Market situations created by the government and protected by legal barriers to entry
Market situations occurring when an individual seller has control over a market because if location