Match each economic term with its description. tiles there are no barriers to entry in the market. there is a single seller in the market. three companies secretly enter into a price agreement. every company in this market structure is aware of the actions of the other companies. pairs monopoly arrowboth oligopoly arrowboth perfect competition arrowboth collusion arrowboth \

Each economic term is matched with its appropriate description as follows:

OLIGOPOLY ||  There are no barriers to entry in the market.

MONOPOLY ||  There is a single seller in the market.

COLLUSION ||  Three companies secretly enter into a price agreement.

PERFECT COMPETITION ||  Every company in this market structure is aware of the actions of the other companies.

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