Topic 4 lesson

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