Economis

4. Laws that encourage competition in the marketplace
7. When two or more companies join to form a single firm
9. the expenses a new business must pay before it can begin to produce and sell goods
10. A market structure in which few large firms dominate
12. A market structure in which a large number of firms all produce the same product
15. The removal of government controls over a market

1. A way to attract customers through style, service, or location
2. Any factor that makes it difficult for a new firm to enter the market
3. A product that stays the same no matter who produces or sells it
5. A market that runs most efficiently when one large firm provides all of the output
6. A license that gives the inventor of a new product the exclusive right to sell it for a specific period of time
8. A market in which a single seller dominates
11. An agreement among firms to charge one price for the same good
13. An illegal agreement among firms to divide the market
14. A government issued right to operate a business