Ella Persio Market Structure

12345678910111213141516171819202122232425262728
Across
  1. 1. considered identical
  2. 5. attempt to distinguish similar products
  3. 7. average cost of production falls as business grows
  4. 8. when one company buys or combines with another
  5. 9. discussion with a small group
  6. 12. businesses work together to set prices
  7. 14. accepts market price
  8. 16. ideal model of market economy
  9. 17. competing businesses negotiate to divide the market
  10. 18. one seller
  11. 20. owned by government
  12. 22. setting low prices so other businesses lose money
  13. 23. sharing the percent of market
  14. 25. removing government controls on a business
  15. 26. many sellers that are often similar
  16. 28. laws that define monopolies and give the government the power to control them
Down
  1. 2. lack conditions needed for perfect competition
  2. 3. act together to set prices illegally
  3. 4. only business to exist in an area
  4. 6. firm controls the manufacturing
  5. 10. few sellers offer similar products
  6. 11. competition using factors other than price
  7. 13. business sets its own prices
  8. 15. group of firms combine to reduce the competition
  9. 19. hinders business from entering market
  10. 21. costs of production are lowest when one firm provides outputs
  11. 24. government controlling businesses through rules and laws
  12. 27. legal registration