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3. Find in the text English equivalents for the following:

решение

ресурс

предприниматель

предпринимательство

распределять (среди)

взаимодействие

влиять на цены

возможности трудоустройства

политические решения

регулирование рынка

участник сделки

тупик

валютные рынки

4. What do definition in a column correspond to? Fill in Column b:

A

B

1. Obstacles that make it difficult or impossible for potential producers to enter a particular market.

a

2. The ability to influence the market price of a good or service.

b

3. A group of companies who all agree to sell something at the same price so that they can all make profits without competing with one another.

c

4. A market in which a few firms control such a large of total industry output that they can influence market price.

d

5. A market consisting of many powerless firms.

e

6. A voluntary union of two companies where they think they will do better by amalgamating.

f

5. Find a pair of synonyms

1. foreign ex­change markets

seller

2. con­venient

salary

3. buyer

comfortable

4. supplier

job

5. occupation

growth

6. wage

currency market

7. increase

influence

8. affect

demander

6. Fill in the blanks with appropriate prepositions: with, of in, at, on, by, to

1. ___ a competitive industry each buyer and seller acts as a price-taker, believing that individual actions have no effect ___ the market price.

2. Where a monopoly and a competitive industry can be compared, the monopolist producers smaller output ___ a higher price.

3. Natural monopolies ___ large economies ____ scale could not exist as competitive industries.

4. Most purely monopolistic industries are natural monopolies and therefore subject ___ social regulation.

5. Pure monopoly status can be conferred ___ legislation, as when an industry is nationalized or a temporary patent is awarded.

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