Fill in the gaps in the sentences using these words.
Blank 1 Вопрос 1Price taker is a person or company that has no control to dictate prices for a good or service.
In economics, there are four general Blank 2 Вопрос 1market structures .
Economists seek to analyze broad trends to understand Blank 3 Вопрос 1consumer motivation.
You must take into account your Blank 4 Вопрос 1start‑up costs when you are thinking over your new business.
Blank 5 Вопрос 1Market power refers to the amount of influence that a firm has on the industry in which it operates.
Firms with market power are said to be Blank 6 Вопрос 1Amount as they are able to set the price for an item while maintaining market share.
Blank 7 Вопрос 1Raw material also known as a feedstock, is a basic material that is used to produce goods.
In modern economies, there are dozens of different Blank 8 Вопрос 1industry classifications, which are typically grouped into larger categories called sectors.