Economics

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Across
  1. 3. Competition- many sellers offer similar, but not standardized products.
  2. 5. no tariffs on exported or imported goods agreed mutually between two or more countries
  3. 6. individuals or businesses produce a narrow range of products.
  4. 8. idea that a nation will specialize in what it can produce the best at a lower opportunity cost than any other nation.
  5. 9. goods sold to a foreign country
  6. 11. goods made in a foreign country
Down
  1. 1. a few firms dominate the entire market
  2. 2. the ability of one trading nation to make a product more efficiently than another trading nation
  3. 4. any law passed to limit free trade between two countries
  4. 7. one firm dominates the entire market
  5. 10. Competition- the most competitive market structure