Market Structures

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Across
  1. 3. name for U.S. economy
  2. 5. monopoly due to high costs of production
  3. 6. agreement to set prices
  4. 7. uses advertising
  5. 10. keeps prices low
  6. 14. monopoly from a new invention
  7. 15. fixed costs plus variable costs
  8. 16. characteristic of MC
  9. 17. monopoly because private sector cannot provide
  10. 18. farmers market
Down
  1. 1. MR=MC
  2. 2. place where goods are bought and sold
  3. 4. example of nonprice competition
  4. 7. one seller
  5. 8. few sellers
  6. 9. example of variable cost
  7. 11. market without government interference
  8. 12. example of fixed cost
  9. 13. monopoly because of location