Across
- 4. a market that runs efficiently when a large firm supplies the output
- 6. a series of competitive price cuts that lowers
- 8. a market structure in which many companies sell products that are similar but not identical
- 9. division of customers into groups based on how much they will pay for a good
- 10. a producers average cost drops as production rises
- 14. secret agreement
- 15. a way to attract customers through style,service,or location,but not lower price
- 16. the removal of some government control over a market
- 17. a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
Down
- 1. laws that encourage competition in the market place
- 2. the expenses a firm must pay before it can produce and sell goods
- 3. any factor that makes it difficult for a new firm to enter a market
- 5. pricing of goods or services
- 7. the right to sell a good or service within an exclusive market
- 11. a formal organization of products that agree to coordinate prices and production
- 12. a market structure in which a few large firms dominated market
- 13. combination of two or more companies that discourages competition
- 14. product that stays the same no matter who produces it