Topic 4 Crossword

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Across
  1. 3. a market that runs most efficiently when one firm provides all the output
  2. 4. when two or more companies join to form a sing firm
  3. 6. a product, such as eggs that is considered the same no matter who produces or sells it
  4. 9. a market structure in which a few large firms dominate a market
  5. 11. any factor that makes it difficult for a new firm to enter a market
  6. 12. a market in which a singular seller dominates
  7. 14. a market structure in which many companies sell products that are similar but not identical
Down
  1. 1. the division of consumers into groups based on how much they will pay for a good
  2. 2. a market structure in which a large number of firms all produce the same product and no singular seller controls supply or prices;also called perfect competition
  3. 5. a license that gives the investor of a new product the exclusive right to sell it for a specific period of time
  4. 7. an illegal agreement among firms to change one price for the same good
  5. 8. a way to attract customers through style service or location rather than a lower price
  6. 10. the expenses a new business must pay before it can begin to produce and sell goods
  7. 13. a government-issued right to operate a business