Across
- 4. A return of part of the price a customer pays for a good or service; usually offered by the product’s manufacturer
- 5. Monopoly that the government allows to exist legally
- 7. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
- 8. An illegal agreement requiring a customer to buy other products in order to obtain desired goods and services
- 9. Limited
- 10. A federal regulation that prohibits price discrimination
- 12. A federal regulation intended to prevent monopolies from forming and prices from being fixed
- 13. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
Down
- 1. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
- 2. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the customer
- 3. The general conditions in which people live; quality of life
- 6. An economic system in which individuals and groups, rather than the government, own or control the means of production—the human and natural resources and capital goods used to produce goods and services
- 11. A market structure in which there are relatively few sellers and industry leaders usually determine prices