Oligopoly Crossword

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Across
  1. 3. Legal right to exclusive use of an invention.
  2. 4. Ability of a firm to influence prices.
  3. 5. Merging of two companies into one.
  4. 7. Item offered for sale.
  5. 13. Firms charging different prices for the same product.
  6. 14. Barriers to prevent firms from entering the market.
  7. 15. How dominant the largest firms are in an industry.
Down
  1. 1. Competing based on aspects other than price.
  2. 2. Reaction to competing firm’s price changes.
  3. 6. Cooperation between firms for market advantages.
  4. 8. Business that sells goods or services.
  5. 9. Characteristic distinguishing one products from another.
  6. 10. User or buyer of goods and services.
  7. 11. Process of firms merging
  8. 12. Agreement among firms to control prices or production.