When one company has too much control of a good or service

Economics Test Review? Economics Test Review. Flashcards

1

Establishing and enforcing antitrust legislation has the purpose of discouraging the development of...

2

What is a monopoly?

3

Demand is the desire of a consumer for goods or services

4

An economy where the Government makes none of the decisions is called a...

5

Which is a benefit of competition?

6

In a restaurant the tables, ovens, and plates are all what type of resource?

7

The point where supply and demand meet is called the...

8

The inability to satisfy the wants of all consumers is ___________

9

Supply is the amount of good or services available to consumers.

10

An economy where tradition is the main force behind what gets produced and consumed is called a...

Economics Test Review? Economics Test Review.