Across
- 3. Many firms sell similar but differentiated products.
- 6. A legally granted exclusive market control.
- 8. Optimal choice for a player, regardless of others’ choices.
- 9. A branch of mathematics and economics analyzing strategic interactions among rational players.
- 12. A few buyers have power over prices.
- 13. Dominance through market power, not legal restrictions.
- 15. Historical decisions shape current outcomes.
Down
- 1. Numerous small firms sell identical products with no market power.
- 2. No player can improve their position by changing their strategy.
- 4. Only two dominant firms affect market dynamics.
- 5. A single entity dominates a market, controlling pricing and supply.
- 7. Efficiency dictates a single firm's dominance due to high fixed costs.
- 10. A situation where rational individuals may not cooperate despite mutual benefit.
- 11. A single buyer influences prices in a market.
- 14. A few large firms jointly influence a market.