2.05C Crossword Puzzle

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Across
  1. 2. A federal regulation that prohibits price discrimination
  2. 3. A type of rivalry between or among businesses that involves factors other than price (e.g., customer services, modern facilities, trained personnel, and variety of products)
  3. 4. A federal regulation intended to protect competitors from takeovers that would limit competition
  4. 6. An illegal agreement that forbids customers from buying goods and services from competitors
  5. 11. A return of part of the price a customer pays for a good or service; usually offered by the product’s manufacturer
  6. 13. A federal regulation intended to prevent specific business actions that might restrict competition (e.g., tying agreements and exclusive agreements)
  7. 14. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
  8. 15. A federal regulation intended to prevent monopolies from forming and prices from being fixed
  9. 18. Using minimum amounts of resources to the best advantage
  10. 20. Rivalry between or among businesses that offer dissimilar goods or services
  11. 22. A monopoly that the government allows to exist legally under controlled conditions
  12. 23. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  13. 24. An economic system in which individuals and groups, rather than the government, own or control the means of production; also known as free market economy, private profit system, market system, capitalistic system, or free enterprise system
  14. 25. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
Down
  1. 1. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the customer
  2. 5. The rivalry between two or more businesses to attract scarce customer dollars
  3. 7. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
  4. 8. A federal regulation that established a regulatory agency, the Federal Trade Commission (FTC), to monitor business activities in order to prevent unfair competition
  5. 9. A type of market structure in which a lot of businesses sell similar products that have only a few differences
  6. 10. Rivalry between or among businesses that offer similar types of goods or services
  7. 12. An illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
  8. 16. The type of market, or environment, in which businesses operate
  9. 17. The general conditions in which people live; quality of life
  10. 19. Limited
  11. 21. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available