Economics review/Megan Hudson

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Across
  1. 10. type of imperfect competition that sell products that are differentiated from one another.
  2. 11. an organization whose purpose is something other than profit
  3. 14. a license that gives a inventor of a new product the exclusive right to sell it for a certain period of time
  4. 18. agreement among firms to charge one price for the same good
  5. 20. an agreement among firms to divide the market, set prices, etc
Down
  1. 1. a state of limited competition, shared by a small # of producers
  2. 2. exclusive possession of the supply or trade in a commodity or service
  3. 3. simplest business form where one person can operate a business
  4. 4. capital raised by a business through the issue & subscription of shares
  5. 5. extra benefits supplementing a salary
  6. 6. a raw material that can be bought and sold
  7. 7. share of earnings given as payment
  8. 8. portion of corporate profits paid out to stockholders
  9. 9. efforts to make a product/ brand stand out
  10. 12. money/ valuable belongings to an individual or business
  11. 13. formal organization of producers that agree to coordinate prices and production
  12. 15. law in a city or town that designates separate areas for residency and business
  13. 16. authorization granted by the gov. to a individual/ small group enabling them to carry out commercial activities
  14. 17. state of being responsible for something
  15. 19. formal contract to repay borrowed money with interest at fixed intervals