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floor

Published on Nov 19, 2015

assignment

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PRESENTATION OUTLINE

1.

supply

product available to consumers
Photo by Lauren Manning
2.

demand

how many people want a certain good
3.

price floor

lowest possible price on a product
Photo by DBduo Photography
4.

variable cost

  • price that can change depending on the dealer
5.

sole proprietorship

self employed
Photo by FurLined
6.

partnership

two or more owners
Photo by MyTudut
7.

corporation

groups working together to run a buisiness
Photo by xsix
8.

non-profit

an organization with no goal to make money
9.

franchise

a chain of businesses in multiple locations
Photo by Leo Reynolds
10.

monopoly

owning everything
Photo by Leo Reynolds
11.

oligopoly

competition between few competetors 
Photo by watchingfrogsboil
12.

cartel

selling high with no competition
13.

monopolistic competition

multiple producers that don't have advantages over each other
Photo by Leo Reynolds
14.

perfect competition

many consumers and dealers that are equal
Photo by Mukumbura
15.

microeconomics

economics focusing on individual choices
Photo by r.nial.bradshaw

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