competition and market structures

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