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Teams
Name
Score
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15
×
Land, labor, capital, and other obstacles that may prevent new competitors from entering a market.
factors of production
disequilibrium
entry barriers
pure competition
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15
×
A business structure that is legally owned by stockholders.
partnership
corporation
sole proprietorship
pure competition
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15
×
A legal obligation to pay debt.
shortages
liability
inelastic
taxation
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seesaw
Swap points!
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gift
Win 20 points!
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rocket
Go to first place!
Okay!
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thief
Give points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
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gold
Win 50 points!
Okay!
×
rocket
Go to first place!
Okay!
×
lifesaver
Give 20 points!
Oops!
15
×
A government restriction on the price of a good or service.
corporation
services
deregulation
price control
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15
×
The government's role in business that affects production.
regulation
price control
deregulation
corporation
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seesaw
Swap points!
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star
Double points!
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fairy
Take points!
5
10
15
20
25
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banana
Go to last place!
Oops!
15
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Money that must be paid to a government.
taxation
inelastic
regulation
elastic
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15
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A market in which many companies sell products that are similar but not identical.
pure competition
monopoly
oligopoly
monopolistic competition
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15
×
Physical outputs such as paper and electronics.
goods
monopoly
surplus
resources
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15
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A business owned by two or more people.
monopoly
partnership
corporation
sole proprietorship
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15
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Sitution in which demand exceeds supply.
monopoly
surplus
resources
shortages
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15
×
A business owned by one person.
sole proprietorship
corporation
services
partnership
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×
seesaw
Swap points!
Oops!
×
magnet
Take 20 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 15 points!
Oops!
15
×
The point where supply and demand curves meet.
equilibrium
deregulation
regulation
disequilibrium
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