Chapters 14-17 Crossword

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Across
  1. 3. the business practice of selling the same good at different prices to different people
  2. 6. this allowed the federal government to institute proceedings against trusts in order to dissolve them
  3. 7. a group of firms acting in unison
  4. 8. a firm that is the sole seller of a product that has no close substitute
  5. 10. lots of buyers and sellers, various goods offered are alot alike
  6. 11. a cost that is committed and cannot be recovered (non-refundable)
  7. 14. revenue divided by quantity sold
Down
  1. 1. benefit from mergers
  2. 2. a market structure in which many firms sell products that are similar but not identical
  3. 4. an agreement among firms in a market about quantities to produce or prices to charge
  4. 5. a monopoly that arises because a single firm can supply a good or service to an entire market at a smaller cost than could two or more firms
  5. 9. change in total revenue from an additional unit sold
  6. 12. a market structure in which only a few sellers offer similar or identical products
  7. 13. the act of setting prices low in an attempt to eliminate the competition