economic crossword puzzle
Across
- 4. any factor that makes it difficult for a new firm to enter a market
- 5. a market that runs most efficiently when one larger firm provides all of the output
- 6. the division of consumers into groups based on how much they will pay for a good
- 8. an agreement among firms to charge one price for the same good
- 10. when two or more companies join to form a single firm
- 13. a product,such as petroleum or milk, that is considered the same no matter what
- 14. the expenses a new business must pay before it can begin to produce and sell goods
- 16. a government issued right to operate a business
Down
- 1. a market structure in which a few large firms to dominate a market
- 2. an illegal agreement along firms to divide the market,set prices, or limit production
- 3. The simplest market structure to study
- 7. the removal of government controls the market
- 9. laws that encourage competition in the marketplace
- 11. a way to attract customers through style,service, or location
- 12. a market In which a singer sellers dominates
- 15. selling a product below cost for a short period of time to drive competitors out of the market