Vocabulary exercises. 1. To depend on smth A. Змінити економічний ринок

I. Find equivalents:

1. to depend on smth a. змінити економічний ринок

2. in short 6. затримати щось для себе

3. to attract more customers b. входити в ринок

4. to stand out from smth г. коротко кажучи

5. to prevail д. залежати від чогось

6. a highly competitive market e. відійти від чогось

7. pure competition є. переважати

8. to have some influence over price ж. ринок із високим ступенем

конкуренції

9. to enter the market 3. чиста конкуренція

10. to keep smth for oneself и. залучити більше покупців

11. to take over the economic market i. приймати умови чистої конкуренції

12. to meet the condition of pure ї. впливати якимось чином на ціну

competition

II. Match the synonyms:

a customer, significant, to prevail, to attract smb's attention, a supply, next, in accordance with smth, following, to draw smb's attention, to be ready to do smth, to predominate, to determine price, a buyer, to meet the conditions of pure competition, to fix a price, to be willing to do smth, according to smth, important, a stock, to agree to the conditions of pure competition.

III. Match the antonyms:

similarity, ordinary, easy, dependent, imaginary, to separate, difference, to attract smb, to accept, independent, difficult, buyer, unique, to reject, seller, to unite, real, to scare smb away/off.

IV. Match each term with its definition:

1. monopoly a. The process of creating uniqueness in a

product.

2. oligopoly b. A market dominated by a few large firms.

3. pure competition c. A market in which there is only one seller.

4. monopolistic competition d. Place where buyers and sellers come together.

5. product differentiation e. The price at which supply exactly equals demand

6. competition f. A market situation in which there are many

independent and well-informed buyers and sellers

of exactly the same economic products.

7. market g. The rivalry among buyers and sellers in the

purchase and sale of resources and products.

8. market price h. A market in which many firms are selling similar

(but not identical) products.

V. Ask someone:

If markets can be classified according to certain structural characteristics that are

shared by most firms in the market; each buyer or seller acts independently in

the market; a firm may try to attract more customers and take over the economic

market;

what helps to determine market structure; is the difference between highly and less

competitive market; situation is called monopolistic competition; separates

monopolistic competition from pure competition;

when the price may be raised a little above the market price;

how economists classify markets.