Topic 4 Lesson

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Across
  1. 1. a product that is considered the same no matter who produces or sells it.
  2. 4. a market structure in which a few large firms dominate a market.
  3. 5. laws that encourage competition in the marketplace.
  4. 7. the removal of government controls over a market.
  5. 9. a market structure in which many companies sell product that are similar but not identical
  6. 10. when two or more companies join to form a single firm.
  7. 12. an agreement among firms to charge one price for the sam egood.
  8. 13. selling a product below cost for a short period of time to drive competitors out of the market.
  9. 14. the expenses a new business must pay before it can begin to produce and sell goods.
Down
  1. 1. an illegal agreement among firms to divide the market, set prices, or limit production.
  2. 2. a market in which a single seller dominates.
  3. 3. the division of consumers into groups based on how much they will pay for a good.
  4. 6. a government issued right to operate a business.
  5. 8. a way to attract customers through style,service,or location, rather than a lower price.
  6. 11. any factor that makes it difficult for a new firm to enter a market.