Chapter 7 Vocabulary

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Across
  1. 4. the removal of government controls over a market
  2. 6. of time to drive competitors out of the market.
  3. 10. right to sell a good or service within an exclusive market
  4. 11. pricing selling a product below cost for a short
Down
  1. 1. it can
  2. 2. when two or more companies join to form a single firm
  3. 3. up cost the expenses a new business must pay begin to produce and sell goods
  4. 5. a product such as petroleum or mile that is considered the same no matter who producers or sells it.
  5. 7. to entry any factor that makes it difficult for a new firm to enter a market
  6. 8. monopoly a market that runs most efficiently when one large firm supplies all out of outpost
  7. 9. of scale factors that cause a producer's average cost per unit to fall as the outpost rises.
  8. 11. a license that gives the inventor of a n