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OLIGOPOLY CHARACTERISTICS: The three most important characteristics of oligopoly are: (1) an industry dominated by a small number of large firms, (2) firms sell either identical or differentiated products, and (3) the industry has significant barriers to entry.
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                           There are 108 entries in the WEB*pedia starting with the letter P. Entries 1 through 35: - paper economy
- paradox of thrift
- part-time workers
- partnership
- paternalism
- payment flow
- peak
- per unit tax
- perfect competition
- perfect competition, characteristics
- perfect competition, demand
- perfect competition, efficiency
- perfect competition, factor market analysis
- perfect competition, long-run adjustment
- perfect competition, long-run equilibrium conditions
- perfect competition, long-run production analysis
- perfect competition, loss minimization
- perfect competition, marginal analysis
- perfect competition, profit analysis
- perfect competition, profit maximization
- perfect competition, realism
- perfect competition, revenue division
- perfect competition, short-run production analysis
- perfect competition, short-run supply curve
- perfect competition, shutdown
- perfect competition, total analysis
- perfectly elastic
- perfectly inelastic
- personal consumption expenditures
- personal income
- personal income and national income
- personal tax and nontax payments
- personal taxes
- phenomenon
- physical flow
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Borrowing Through The FINANCIAL MARKETSWe never know whom we might encounter on our leisurely stroll through the economy. Passing by the marble columns of Interstate OmniBank -- the beacon of safety and security -- we have the good fortune of crossing paths with our Ivy-League-educated pillar of the financial community -- Winston Smythe Kennsington III. Although he seems to be a touch condescending, he's kind enough to show us a freshly signed check for $37 gadzillion, which is but a small part of a multi-gadzillion dollar loan from the Interstate OmniBank. To what constructive purpose Winnie will put these funds remains unclear; how this loan will be repaid, he never says; but Winnie proudly reminds us several times that this loan once again proves his unchallenged standing as the majordomo of the financial markets.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time watching the shopping channel looking to buy either 500 feet of coaxial cable or a coffee cup commemorating the 1960 Presidential election. Be on the lookout for attractive cable television service repair people.
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This isn't me! What am I?
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Natural gas has no odor. The smell is added artificially so that leaks can be detected.
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"I've always believed that if you put in the work, the results will come. I don't do things half-heartedly. Because I know if I do, then I can expect half-hearted results. " -- Michael Jordan, basketball player
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MSE
Minimum Efficient Scale
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