10.1 The Regulation of Markets and Institutions Financial system is one of most intensely regulated sectors of the U.S economy

国家开放大学：2008—2009学年第一学期“开放本科”金融学专业中央银行理论与实务期末试题（1月）

Imperfect Competition Imperfect competition refers to those market structures that fall between perfect competition and pure monopoly. Imperfect competition includes industries in which firms have competitors but do not face so much competition that they are price takers

Monopoly While a competitive firm is a price taker, amonopoly firm is a price maker. A firm is considered a monopoly if . . . – it is the sole seller of its product. – its product does not have close substitutes

The Meaning of Competition A perfectly competitive market has the following characteristics: – There are many buyers and sellers in themarket

国家开放大学：2007—2008学年第二学期“开放专科”金融专业商业银行经营管理期末试题（7月）

国家开放大学：2007—2008学年第二学期“开放专科”农村经济管理专业财政与金融（农）期末试题（7月）

The Law of Supply Firms are willing to produce and sell agreater quantity of a good when the priceof the good is higher. This results in a supply curve that slopesupward

国家开放大学：2010—2011学年第二学期“开放专科”金融专业国际金融期末试题（7月）

国家开放大学：2007—2008学年第一学期“开放本科”金融学专业中央银行理论与实务期末试题（1月）