Graves 2.05C

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Across
  1. 3. An economic system in which individuals and groups, rather than the government, own or control the means of production; also known as free market economy, private profit system, market system, capitalistic system, or free enterprise system
  2. 8. Rivalry between or among businesses
  3. 10. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
  4. 12. offer dissimilar goods or services
  5. 13. A federal regulation intended to protect competitors from takeovers that would limit competition
  6. 14. Limited
  7. 16. A return of part of the price a customer pays for a good or service; usually offered by the product’s manufacturer
  8. 18. A federal regulation intended to prevent specific business actions that might restrict competition (e.g., tying agreements and exclusive agreements)
  9. 19. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the customer
  10. 20. An illegal agreement that forbids customers from buying goods and services from competitors
  11. 22. Using minimum amounts of resources to the best advantage
  12. 23. A type of market structure in which a lot of businesses sell similar products that have only a few differences
  13. 24. An illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
  14. 25. A monopoly that the government allows to exist legally under controlled conditions
Down
  1. 1. A federal regulation that prohibits price discrimination
  2. 2. A federal regulation that established a regulatory agency, the Federal Trade Commission (FTC), to monitor business activities in order to prevent unfair competition
  3. 4. A federal regulation intended to prevent monopolies from forming and prices from being fixed
  4. 5. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  5. 6. The general conditions in which people live; quality of life
  6. 7. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
  7. 9. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
  8. 11. The rivalry between two or more businesses to attract scarce customer dollars
  9. 15. Rivalry between or among businesses that offer similar types of goods or services
  10. 17. A type of rivalry between or among businesses that involves factors other than price (e.g., customer services, modern facilities, trained personnel, and variety of products)
  11. 21. A type of market structure in which a market is controlled by one supplier, and there are no substitute goods or services readily available