encomics crossword puzzle

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Across
  1. 2. Structure – market classification according to number and size of firms, type of product, and type of competition; nature and degree of competition among firms in the same industry
  2. 4. – competition based on a product’s appearance, quality, or design, rather than its price
  3. 8. – process in which a lender reclaims the property due to a lack of payment by the borower
  4. 9. – real or imagined differences between competing products in the same industry
  5. 12. – Condition where any of the requirements for a competitive market – usually adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits – leads to an inefficient allocation of resources characterized by too much or too little being produced
  6. 14. – Market Structure in which a firm has a monopoly because it owns or controls a manufacturing method, process, or other scientific advantage
  7. 17. – market structure having all conditions of pure competition except for identical products; a form of imperfect competition
  8. 18. – Monopoly created and/or owned by the government
  9. 21. – legal document that pledges ownership of a home to a lender as security for repayment of borrowed money
Down
  1. 1. – illegal agreement by firms to charge a uniform price for a product
  2. 3. Discrimination – Practice of charging different customers different prices for the same product
  3. 5. – a theoretical market structure that requires three major conditions: very large numbers of buyers and sellers, identical products, and freedom of entry and exit
  4. 6. – uncompensated side effects that either benefit or harm a third party not involved in the activity that caused it
  5. 7. – Market structure in which average costs of production are lowest when all output is produced by a single firm
  6. 9. – Theoretical market structure characterized by a large number of well-informed independent buyers and sellers who exchange identical products and have freedom of entry and exit
  7. 10. and Desist Order – ruling requiring a company to stop an unfair business practice that reduces or limits competition
  8. 11. – illegal agreement among producers to fix prices, limit output, divide markets, or otherwise agree to reduce competition
  9. 12. – market structure characterized by a single producer; form of imperfect competition
  10. 13. Disclosure – Requirement forcing a business to reveal information about its products or its operations to the public
  11. 15. – market structure in which a few large sellers dominate the market and have the ability to affect prices in the industry; form of imperfect competition
  12. 16. – Market Structure in which a firm has a monopoly because of its location or the small size of the market
  13. 19. – illegal combinations of corporations or companies organized to suppress competition
  14. 20. – uncompensated side effects that affect an uninvolved third party