Across
- 5. situation where the market is not at equilibrium
- 6. market which runs the most efficiently with one large firm in control
- 8. minimum payment that an employer must pay their employees
- 10. formal organization of producers to control the market
- 11. price ceiling placed on rent
- 13. competition through a method other than prices
- 15. sudden shortage of a good
- 16. market structure where many firms all produce the same product
- 17. costs of production which affect people with no control over the production process
- 19. market structure in which a few large firms dominate the market
Down
- 1. minimum price which must be charged for a good or service
- 2. market structure where many firms sell similar but not identical products
- 3. selling a product below cost to drive competitors out of the market
- 4. monopoly created by the government
- 7. maximum price which can be legally charged for a good or service
- 9. combination of at least two companies into a single firm
- 12. point at which quantity demanded and quantity supplied are equal
- 14. situation where quantity demanded is greater than quantity supplied
- 17. situation where quantity supplied is greater than quantity demanded
- 18. market structure dominated by one seller