Competition

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Across
  1. 7. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
  2. 8. Limited
  3. 12. Rivalry between or among businesses that offer dissimilar goods or services
  4. 13. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
  5. 14. A type of market structure in which a lot of businesses sell similar products that have only a few differences
Down
  1. 1. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers; also known as pure competition
  2. 2. The type of market,or environment,in which businesses operate
  3. 3. A federal regulation that established a regulatory agency, the Federal Trade Commission (FTC), to monitor business activities in order to prevent unfair competition
  4. 4. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
  5. 5. Rivalry between or among businesses that offer similar types of goods or services
  6. 6. A type of rivalry between or among businesses that involves factors other than price (e.g., customer services, modern facilities, trained personnel, and variety of products)
  7. 9. Using minimum amounts of resources to the best advantage
  8. 10. A monopoly that the government allows to exist legally under controlled conditions
  9. 11. Rivalry between two or more businesses to attract customer dollars