Vocabulary Practice - Business Organization and Market Structures

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Across
  1. 2. the joining together of two or more companies
  2. 3. a business that is owned by stockholders who are not personally responsible for any debts
  3. 6. ______ organization is an establishment to bring goods and services to the market
  4. 7. a business owned by two or more people
  5. 8. monopolistic ____ is a market structure where many companies sell products that are similar but not identical
  6. 10. a business establishment that is authorized to sell or distribute another company's goods or services
  7. 11. ____ partnership occurs when the partners share equally in the liability
Down
  1. 1. sole _____ is a business owned by one person
  2. 4. a market structure where there are many buyers but only one seller
  3. 5. legal obligation to pay debts/injury settlements incurred by the business
  4. 7. _____ competition is a market structure in which a large number of firms produce the same product
  5. 9. a market structure where a few large firms dominate a market