Competition and Market Structures

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Across
  1. 1. A market structure where a single firm controls the entire supply of a product or service.
  2. 6. A side effect or consequence of an economic activity that affects other parties not involved in the activity.
  3. 10. The way in which a market is organized based on the number and size of firms.
  4. 12. When firms in an industry cooperate to fix prices or divide the market to avoid competition.
  5. 13. A monopoly created and regulated by the government to provide a product or service.
  6. 15. A market structure where many firms sell similar but not identical products.
  7. 19. A policy of minimal government intervention in economic affairs.
  8. 22. A legal order issued to stop a company or individual
  9. 23. A monopoly that occurs because a firm owns the technology or patents required to produce a product.
  10. 24. Competition based on factors other than price, such as product quality or advertising.
Down
  1. 2. A harmful side effect of an economic activity that negatively affects third parties.
  2. 3. The practice of charging different prices to different consumers for the same product or service.
  3. 4. The cost advantages that a firm obtains due to the size, output, or scale of its operation.
  4. 5. The process of making a product distinct from other similar products in the market.
  5. 7. A market structure where firms have some control over price but still face competition.
  6. 8. A market where a single firm can supply the entire market at a lower cost than multiple firms could.
  7. 9. Goods that are non-excludable and non-rivalrous, meaning they are available for everyone to use.
  8. 11. A group of firms or corporations that work together to reduce competition and control a market.
  9. 14. The illegal practice of setting prices at a certain level to avoid competition.
  10. 16. A market structure dominated by a few large firms that have significant control over the market.
  11. 17. A beneficial side effect of an economic activity that positively affects third parties.
  12. 18. A monopoly that exists because a firm is the only provider of a product or service in a specific geographic area.
  13. 20. A situation in which the allocation of goods and services is not efficient, often requiring government intervention.
  14. 21. A market structure where many firms sell identical products with no barriers to entry.