Across
- 4. market structure with many well-informed and independent buyers and sellers who exchange identical products
- 5. market structure in which a few large sellers dominate the industry
- 6. market structure in which one firm has a monopoly in a geographic area
- 7. market structure that does not meet all conditions of perfect competition
- 8. market structure with a single seller of a particular product
Down
- 1. market structure where average costs of production are lowest when a single firm exists
- 2. a monopoly owned and operated by the government
- 3. monopoly based on a firm's ownership or control of a production method, process, or other scientific advance