GCSE Market Structure

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Across
  1. 3. a firm that confronts economies of scale over the entire range of outputs demanded in its industry
  2. 6. cost advantage of increased productivity
  3. 10. market based on the assumption that a large number of firms
  4. 14. a firm charges different prices for the same g/s to different consumers
  5. 15. the percentage of output accounted for by the largest firms in an industry
Down
  1. 1. restrictions on new firms to enter an industry
  2. 2. firms that coordinate their activities through collusion
  3. 4. a firm that sets price based on its output decision
  4. 5. firms attempt to stand out from competition
  5. 7. an expenditure that will be made when firms leave the industry and that cannot be recovered
  6. 8. a market always has the potential for new firms to enter
  7. 9. a firm that sets price based on competitors
  8. 11. situation in which a market is dominated by a few firms
  9. 12. firms has the legal protection to produce a g/s for several years
  10. 13. suppliers undercut price so to achieve higher market share