____ collusion results when two or more firms reach a formal agreement
Explicit

____ market is known to have the characteristics of both a perfect competitive market and a monopoly market
Monopolisitc

Price leadership is also referred to as _____ collusion
Tacit

A market where there are a few sellers with similar or identical products is referred to as ____ market
Oligopoly

In the marginal productivity theory, there are ____ number of assumptions
7

A firm in an oligopoly market will have a ____ demand curve
Kinked

When faced with alternatives, consumers will choose the alternative that provides the highest level of______
Utility

The demand for a product due to the demand for another intermediate or final good is termed ____ demand
Derived

The slope of an indifference curve is also known as ___
Marginal rate of substitution

In an imperfect factor market, firms can influence ___
Price