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Newest Market structures Questions

1. 5th grade A sentence using monopoly exclusive control over a service or product on the market
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2. The creation of a single European market under the European Union would(1 point)Responses prevent consumers from obtaining too
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3. Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)Responses retail store
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4. 7. The creation of a single European market under the European Union would(1 point)Responses prevent competition from occurring
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5. What is market equilibrium
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   2. asked by KOKII
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6. QuestionChoose the correct answer.(1 point) Prices are set by supply and demand in a economy. command market mixed
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7. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control of a
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   2. asked by Using a number line, what whole number and rationa
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8. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control of a
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   2. asked by meme_master22160
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9. In the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point)Responses Control of a
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10. QuestionIn the context of the British having a monopoly on tea, what does the term "monopoly" mean?(1 point) Responses Control
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    2. asked by Ben
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11. Read each question and choose the best answer.A firm might try to increase its market power in order to A. charge higher prices
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12. Read each question and choose the best answer.If the three largest producers of breakfast cereal agreed to form an organization
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13. Read each question and choose the best answer.How can collusion be harmful to consumers? A. it can make consumers pay too much
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14. Read each question and choose the best answer.Why does the government regulate oligopolies? A. to keep them from acting like
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15. Read each question and choose the best answer.Which of the following is a characteristic of monopolistic competition? A. small
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16. Read each question and choose the best answer.Why do monopolists engage in price discrimination? A. They want to lower
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17. Read each question and choose the best answer.What might happen if a monopolist increased output of its product each week? A.
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18. Read each question and choose the best answer.Why does the government usually regulate natural monopolies? A. to ensure that
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19. trust, oil and monopolies cause and effects
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20. n what type of structure can businesses "collude" or work together to set prices?Group of answer choices Oligopoly Monopoly
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21. Which scenario is an example of a monopoly?Group of answer choices A dry cleaner specializes in envoronmentally friendly
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22. If Mark Farmer expresses a desire to sell his corn at a local farmer's market, he must be aware that the product is standardized
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23. In this kind of market, firms produce goods that are very close substitutes.Group of answer choices Perfect Competition
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24. Start-up costs and technology are considered this. These make it very difficult for others to enter the market structure.Group
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25. Which of the following is the least competitive market structure?Group of answer choices oligopoly perfect competition
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26. Each of the following is a condition necessary for the existence of perfect competition EXCEPT:Group of answer choices buyers
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27. ________ competition is a market where sellers and buyers are so large (identical products), that no seller can control price.Gr
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28. Which of the following describes a situation in which a single company dominates an entire industry?Group of answer choices
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29. In which of the following market structures would a consumer find the greatest number of businesses selling identical products?G
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30. An economist would most likely define a PRICE TAKER as a business thatGroup of answer choices accepts the market price, and
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31. An oligopoly is best described as a market structure in whichGroup of answer choices companies obtain government funding to
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32. Why does no one firm dominate the market in a perfect competition?Group of answer choices Each firm produces so little of the
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33. Which market structure is BEST indicated by the soda market?Group of answer choices Natural Monopoly Oligopoly Monopoly Pure
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34. In what type of structure can businesses "collude" or work together to set prices?Group of answer choices Oligopoly Monopoly
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35. Choose all of the markets below that are considered perfect competition.Group of answer choices Shampoo Cell Phone Service
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36. Choose all of the markets below that are considered oligopolies.Group of answer choices Hair Salons American Automobiles
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37. Amtrak, the Local Elelctric Company, and the NFL are all what type of market structure?Group of answer choices Oligopoly
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38. Which of the following terms generally identifies a place where an economic transaction occurs?(1 point)Responses market market
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    2. asked by need help 100%
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39. In the United States, most of the goods and services we purchase are produced by companies in the portion of the economy that is
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    2. asked by nuh uhhhhhhhh
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40. Which is true of how the market sets prices?Responses Prices are set by the expected sales. Prices are set by the expected
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41. Read each question and choose the best answer.In a free market system, the concept of consumer sovereignty means that A.
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42. Controlling every aspect of a region's business to eliminate competition* 2 points Corporation Monopoly Boardwalk Aquisition
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43. The highest degree of product differentiation is found in which of the following type of market structure?(1 point)Responses
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44. Match the definition with the type of market structure.Drag each item to the correct location. (2 points) Put responses in the
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45. What is predatory pricing?the selling a product below cost to drive competitors out of the market an illegal grouping of
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46. For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?uncompeti
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47. What are the three practices of oligopolies that concern the government the most?cartels, differentiation, and price leadership
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48. Which economic practice helps motivate companies to keep prices low and improve product quality?
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    2. asked by Queen_Red
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49. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
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50. What was the limited orders?
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51. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
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52. For a perfectly competitive firm, __________.MR = FC / Q marginal revenue is equal to approximately 50% of the market price of
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    2. asked by Dontillia
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53. Which of the following assumptions is important in studying production in a perfectly competitive market?In the long run, all
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    2. asked by Dontillia
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54. Which of the following is a limiting assumption of the model of perfect competition?Each firm is a pure price taker. Each firm
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    2. asked by Dontillia
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55. Which of the following is a limiting assumption of the model of perfect competition?There is significant brand loyalty amongst
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    2. asked by Dontillia
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56. Which of the following is one of the four competitive market structures?Economic trading Partial competition Monopoly Oligarchy
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    2. asked by Dontillia
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57. Which of the following is a characteristic of an industry that is classified as a monopolistic competition?The product sold
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    2. asked by Dontillia
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58. Which of the following industries is a real-world example of oligopolies?Commercial airlines Fast-food restaurants in a large
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    2. asked by Dontillia
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59. Which of the following terms represents a market that has more than one firm?Monopolist firm A firm that possesses a legal
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    2. asked by Dontillia
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60. Which of the following industries is a real-world example of monopolies?Commercial airline Agricultural vendor Fitness center in
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    2. asked by Dontillia
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61. Which of the following is a characteristic of a monopolistic competition?Firms have no market power. There are relatively low
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    2. asked by Dontillia
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62. Which of the following is a characteristic of a monopoly?Monopoly is not a market structure that is frequently observed in the
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    2. asked by Dontillia
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63. Which of the following terms represents a market that has more than one firm?A firm that possesses a legal monopoly A firm that
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    2. asked by Dontillia
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64. Which of the following is a characteristic of an oligopoly?Firms have no market power. A small number of firms control the
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    2. asked by Dontillia
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65. Which of the following is a characteristic of a monopoly?Similar firms compete with each other to gain the most consumers. Cost
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    2. asked by Dontillia
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66. Which of the following industries is a real-world example of oligopolies?The automotive industry Fast-food restaurants in a
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    2. asked by Dontillia
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67. _________is/are the closest real-world example of a perfectly competitive industry.
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    2. asked by Dontillia
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68. Which of the following is a characteristic of an industry that is classified as a monopolistic competition?There are no profits
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    2. asked by Dontillia
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69. A cartel maximizes combined economic profits. Which of the following is true?Each company has an incentive to cheat by reducing
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    2. asked by Dontillia
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70. Which one is an obstacle to collusion among oligopolists?A large number of companies. A small number of companies. Booming
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    2. asked by Dontillia
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71. A low concentration occurs when ________________________________________.There are a few firms making a little of the output for
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    2. asked by Dontillia
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72. Persons in a market who have no influence on the market price are called _________________.Price searchers. Price makers. Price
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    2. asked by Dontillia
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73. Which two of the following best describe the markets in the U.S.?Monopolistic competition and oligopoly. Monopoly and oligopoly.
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    2. asked by Dontillia
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74. Why do cartels often dissolve?Firms in a cartel face different costs than firms outside a cartel. Their members often find that
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    2. asked by Dontillia
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75. When competing with rivals, oligopolists employ which of the following?Collusion because it legally increases market share.
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    2. asked by Dontillia
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76. In the United States, public policies towards natural monopoly consists of which of the following?No regulation of any monopoly.
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    2. asked by Dontillia
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77. The four basic market models include which of the following?Monopolistic competition Perfect competition Oligopoly All of the
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    2. asked by Dontillia
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78. ________________________ characteristics are: 1) a small number of firms that dominate the market; 2) products can be homogenous
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    2. asked by Dontillia
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79. Which of the following industries is an example of an oligopoly in the United States economy?Airlines Locally owned restaurants
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    2. asked by Dontillia
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80. What is a market that is characterized by many firms producing similar but differentiated products?Monopsony Monopolistic
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    2. asked by Dontillia
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81. A monopoly supplier of music downloads sells to two distinct types of consumer, with the followingmonthly demand functions: type
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82. Does Oil, Trusts, and Monopolies have a cause-and-effect relationship?
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83. he highest degree of product differentiation is found in which of the following type of market structure? (1 point)Responses
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    2. asked by lol
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84. Match the definition with the type of market structure. (16 points)Put responses in the correct input to answer the question.
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    2. asked by lol
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85. Which of the follow is generally true of a competitive free market economy? (1 point)Responses it can run itself without the
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    2. asked by lol
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86. A government official proposes taxing producers of plastic grocery bags at 10 cents per plastic bag. What effect would the tax
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    2. asked by lol
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87. A successful cruise ship manufacturer begins buying all of the businesses that supply the materials and technology involved in
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    2. asked by lol
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88. Which of the following markets most likely features monopolistic competition?(1 point)Responses A market for oil with three
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    2. asked by lol
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89. A good example of a monopoly is--* 0 points a. Ford Motor Company branching out into the production and sale of home appliances
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90. Which of these would most likely happen under a free market?1.government regulators set maximum prices 2.political influence
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    2. asked by Queen_Red
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91. What are monopoly, monopolistic, duopoly and oligopoly
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92. no bullet pointsIn one to two sentences, identify one way monopolistic competition and monopoly market structures are the same
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    2. asked by SS
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93. The highest degree of product differentiation is found in which of the following type of market structure?(1 point)Responses
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    2. asked by SS
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94. A market with significant barriers to entry and a small number of price-setting firms.A market with no barriers to entry and a
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    2. asked by SS
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95. what happen to free martket
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96. If, at the current price, there is a shortage of a good,Group of answer choices sellers are producing more than buyers wish to
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97. The highest degree of product differentiation is found in which of the following type of market structure?oligopoly monopolistic
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98. Match the definition with the type of market structure.Drag each item to the correct location. (2 points) Put responses in the
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    2. 90 views
99. why are monoopplys a bad thing in the economy
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    2. 60 views
100. Josiah owns and operates the only pet supply store in his town. There are no other places to buy pet food for over 200 miles and
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     2. 75 views