1- Perfect Competition, or Pure Competition, is an ideal market structure.
2- Many Producers spend millions of dollars on advertising to persuade consumers into purchasing their brands/products.
3- Differentiation = Profit.
4- Oligopolies are the most common non-competitive market in the U.S.
5- Cartel: group of companies openly organized to set prices.
6- 'Laissez-faire' translates to 'Hands-off' in French.
7- The Interstate Commerce Comission primarily oversaw the railroads.
8- Federal Trade Commission Act, created in 1914; was passed to investigate charges of unfair methods of competition and commerce.
Tuesday, December 14, 2010
Friday, December 3, 2010
Wednesday, December 1, 2010
Introduction: Walking Alongside the Mainstream
Hi, my name is Dylan Thompson, better know among many as Thompy.
My life is my friends, the art of percussion, and the band Rush.
My favorite album of theirs, is 'Permanent Waves' (1980) -->
My life is my friends, the art of percussion, and the band Rush.
My favorite album of theirs, is 'Permanent Waves' (1980) -->
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