Oligopoly

12345678910
Across
  1. 2. welfare lost when oligopolies restrict output and price above marginal cost
  2. 5. oligopolies price above this causing allocative inefficiency(2 words)
  3. 7. firms compete on how long products last rather than cutting price
  4. 8. real world oligopoly example
  5. 9. products are altered to attract consumers away from rivals
  6. 10. some oligopolies like steel sell near identical products
Down
  1. 1. significant innovations oligopolies can achieve through heavy R&D spending
  2. 3. blocks rivals from replicating innovations
  3. 4. massive startup costs deter new entrants(2 words)
  4. 6. oligopoly profits fund R&D and innovation(2)