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1
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the removal of some gov't controls over a market
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2
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the ability of a company to change prices and output like a monopolist
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3
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the right to sell a good or service within an exlusive market
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4
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an agreement among firms to divide the market
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5
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a government issued right to operate a business
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6
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a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
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7
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a market structure in which many companies sell products that are similar
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10
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the expenses a firm must pay before it can begin to produce and sell
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11
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laws that encourage competition in the marketplace
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19
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a market structure in which a few large firms dominate a market
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22
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a series of competitive price cuts that lowers the market price below the cost of production
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25
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like a cartel, an illegal grouping of companies that discourages competition
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26
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a market dominated by a single seller
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27
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an agreement among firms to charge one price for the same good
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