Across
- 3. laws that encourage competition in the marketplace
- 7. A product that is considered the same no matter who produces or sells it
- 9. a way to attract customers through style,service, or location but not a lower price
- 12. A formal organization of producers that agree to coordination prices and production
- 13. When two or more companies join to form a single firm
- 14. Selling a price below cost to drive competition out of the market
- 15. Expenses that new businesses have to pay before beginning to produce and sell goods
- 16. A market structure in which few large firms dominate a market
- 17. an illegal agreement among firms to divide the market, set prices or limit production
- 18. A contract that gives a single firm the right to sell its good within an exclusive market
Down
- 1. The division of consumers into groups based on how much they will pay for a good
- 2. a market that runs most efficiently when one large firm supplies all of the output
- 4. Any factor that makes it difficult for a new firm to enter the market
- 5. A market structure where many companies sell products that are similar but not identical
- 6. a serves of competitive price cuts that lower the market price below the cost of production
- 8. A license that give the inventor of a produce the right to sell it for a period of time
- 10. Factors that cause a producer's average cost per unit to fall as output rises
- 11. the removal of government control over a market