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Completely define and give a real world example (should NOT be the examples I gave in lecture) of the following topics: Market structure Perfect competition
Completely define and give a real world example (should NOT be the examples I gave in lecture) of the following topics: Market structure Perfect competition Equilibrium Impact on equilibrium from shifts in demand (both up and down) Impact on equilibrium from shifts in supply (both up and down) Market disequilibrium Commodity surplus and its effect on equilibrium Imperfect competition Oligopoly Monopoly Monopsony Sherman Antitrust Act Agriculture Bargaining Associations Choose 1 agriculture act that impacts market structure to discuss Ceiling price
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