Lesson 11-Market Structures
Economics Unit Four PRICES AND MARKETS. PRICES What is the role of the price system? The price system is the language that guides producers and consumers.
1 2 MARKET STRUCTURE Number of sellers : Many/Several/One Nature of Products: Homogenous/Heterogeneous (Differentiated) Ease of entry and exit: Easy/Restricted/Difficult.
Chapter Six Market Structures: Why market competition affects you every time you shop!
