Across
- 2. An illegal agreement that forbids customers from buying goods and services from competitors
- 6. A federal regulation intended to prevent monopolies from forming and prices from being fixed
- 9. A federal regulation intended to protect competitors from takeovers that would limit competition
- 10. Illegal business agreement in which businesses agree on prices of their goods or services
- 11. also known as free market economy
- 13. a risk that presents the chance of loss but no opportunity for gain
- 16. A type of market structure in which a lot of businesses sell similar products that have only a few differences
- 19. A monopoly that the government allows to exist legally under controlled conditions
- 20. A type of rivalry between or among businesses that involves factors other than price
- 21. Rivalry between or among businesses that offer similar types of goods or services
Down
- 1. A federal regulation that established a regulatory agency, the Federal Trade Commission
- 3. A federal regulation intended to prevent specific business actions that might restrict competition
- 4. A return of part of the price a customer pays for a good or service
- 5. Rivalry between or among businesses that offer dissimilar goods or services
- 7. the type of market, or environment, in which businesses operate
- 8. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
- 12. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
- 14. the risk of harm caused by human mistakes
- 15. A risk-response strategy that involves choosing not to do something that is considered risky
- 17. a situation in which either profit or loss is possible
- 18. A type of market structure in which a market is controlled by one supplier