Market Structures

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Across
  1. 3. occurs when firms act in a way that does not involve collaboration with other players in the market
  2. 5. a simple two-firm, two-outcome model
  3. 6. one firm dominates 25% or more of the market
  4. 7. a model used in game theory to question whether firms might not collude, even if it appears that it is in their best interests to do o, or vice versa
  5. 10. involves firms acting as one through an agreement
  6. 11. means that the actions of one agent depend on the actions of another
Down
  1. 1. tax on profits
  2. 2. involves one firm alone dominating the market
  3. 4. the study of strategies used to make decisions
  4. 8. unrecoverable costs, costs which cannot be recouped if the firm closes down
  5. 9. any person or group that has a vested interest in a firm