Across
- 2. The market structure with many buyers and sellers who are all price takers.
- 4. The process of distinguishing the firm’s product from other similar products.
- 5. This price elasticity measures the percentage change of quantity demanded of a good given a change in the price of another good.
- 7. Copyrights, trademarks, and patents are examples of _________ of entry.
- 8. The market structure that contains both the characteristics of a monopoly and a perfect competition.
- 9. The market structure that allows a firm to dictate the selling price for the good it is selling.
Down
- 1. A 1% change in price will result in exactly the same change in quantity demanded.
- 3. Means leaving a home country or region.
- 6. The market structure that is composed of a few firms selling similar or differentiated products.
- 10. a group of people from the Philippines who live and work in another country on a temporary basis.