Topic 4 lesson

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Across
  1. 8. a way to attract customers through style service or location to lower prices
  2. 11. laws that encourage competition in the marketplace
  3. 12. any factor that makes it difficult for a new firm to enter a market
  4. 13. a market structure where a few large firms dominate a market
  5. 15. the division of consumers into groups based on how much they will pay for a good
Down
  1. 1. selling a product below cost for a short period of time to drive competitors out of the market
  2. 2. the removal of government controls over a market
  3. 3. the expenses a new business must pay before it can produce and sell goods
  4. 4. a product that is considered the same no matter who produces or sells it
  5. 5. a market where a single seller dominates
  6. 6. an illegal agreement amoung firms to divide the market, det prices, or limit production
  7. 7. a government issued right to operate a buisness
  8. 9. a market that runs better when one large firm provides all of the output
  9. 10. when two or more companies join to form a single firm
  10. 14. an agreement amoung firms to charge one price for the same good