chapter 7 vocab

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Across
  1. 1. of scale a proportion of cost gained
  2. 6. limited competition where market is shared by few
  3. 7. removal of restrictions
  4. 10. price competition instead of competing they promote
  5. 11. laws The Sherman Act, the Federal Trade Commission Act,
  6. 12. competition when many companies offer similar products
  7. 14. war where sellers cut prices in attempt to increase their shar e
  8. 16. gives owner the right to exclude others using
  9. 17. to entry barrier that prevents business startup
  10. 18. pricing pricing goods so low other suppliers cant compete
Down
  1. 2. raw material or primary agricultural product
  2. 3. secret or illegal cooperation or conspiracy
  3. 4. monopoly tap water
  4. 5. method of distributing involving a franchisor
  5. 8. combination of two things
  6. 9. association meant to maintain high prices
  7. 13. discrimination selling strategy based on what a consumer agrees with
  8. 15. up cost money needed to start business