The document is a behavior contract that outlines specific behaviors for a child to change, rewards for meeting goals, consequences for not meeting goals, and strategies for the child to use. The child and parents would sign the contract to agree to the terms.
Assignment #10 Market Structures 1 Perfect Competition and .docxfredharris32
Assignment #10
Market Structures 1: Perfect Competition and Monopoly
(10 Points)
Define the following terms:
Barriers to Entry: ______________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Long-run Competitive Equilibrium: ________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Marginal Cost: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Marginal Revenue: _____________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Power: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Share: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Structure: _____________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Monopoly: ___________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Normal Profit: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Short Answer Questions:
1. What are the six defining characteristics of a perfectly competitive market?
I. ______________________________
II. _____________________________
III. ____________________________
IV. ____________________________
V. ____________________________
VI. ____________________________
2. Explain the shutdown decision? (When do firms decide not to produce?)
______________________________________________________________________________
_ ...
This printable kit includes a Level Ten Life worksheet, monthly habit tracker and weekly planner. You can use these for planning your goals and keeping track of your progress.
Assignment #10 Market Structures 1 Perfect Competition and .docxfredharris32
Assignment #10
Market Structures 1: Perfect Competition and Monopoly
(10 Points)
Define the following terms:
Barriers to Entry: ______________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Long-run Competitive Equilibrium: ________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Marginal Cost: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Marginal Revenue: _____________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Power: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Share: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Market Structure: _____________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Monopoly: ___________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Normal Profit: ________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Short Answer Questions:
1. What are the six defining characteristics of a perfectly competitive market?
I. ______________________________
II. _____________________________
III. ____________________________
IV. ____________________________
V. ____________________________
VI. ____________________________
2. Explain the shutdown decision? (When do firms decide not to produce?)
______________________________________________________________________________
_ ...
This printable kit includes a Level Ten Life worksheet, monthly habit tracker and weekly planner. You can use these for planning your goals and keeping track of your progress.