Missel's Puzzle

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Across
  1. 2. the exclusive possession or control of the supply of or trade in a commodity or service.
  2. 4. A market with many small firms selling identical products, with no control over price and easy entry/exit (e.g., agricultural products).
  3. 5. a commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.
  4. 6. a side effect or consequence of an industrial or commercial activity that affects other parties without this being reflected in the cost of the goods or services involved, such as the pollination of surrounding crops by bees kept for honey.
Down
  1. 1. Market failure is an economic situation where the free market fails to allocate resources efficiently, resulting in a suboptimal distribution of goods and services.
  2. 2. Market structure refers to the organizational characteristics of a market that determine the level of competition
  3. 3. a state of limited competition, in which a market is shared by a small number of producers or sellers.