Across
- 4. a contract that gives a single firm the right to sell its goods within an exclusive market
- 7. when two or more companies join a form a single firm
- 8. a product such as petroleum or milk that is considered the same no matter who produces or sells it
- 9. away to attract costumers through style service or location but not a lower price
- 10. the removal of government controls over a market
- 11. an illegal agreement amoung firms to divide themarket set prices or limit production
- 12. a firal organization pf producers that agree to coordinate prices and production
- 14. the expenses a new business must pay before it can begin to produce and sell goods
- 17. a market that runs most efficiently when one large firm supplies all of the output
- 18. a license that gives the exclusive right to sell it for a specific period of time
Down
- 1. a market structurein which many companies sell products that are similar but not identical
- 2. selling a product below cost for a short period of time to drive competitors out of the market
- 3. the division of consumers into groups based on how much they will pay for a good
- 5. factors that cause a producers average cost per unit to fall as output rises
- 6. any factor that makes it difficult for a new firm to enter a market
- 13. laws that encourage competition in marketplace of consumers into groups based on how much they will pay for a good
- 15. a series of competition price outs that lowers the market price belwo the cost of proudction
- 16. market structur in which a few large firms dominate a market