Across
- 4. an agreement among firms to charge one price for the same good
- 8. a product that is considered the same no matter who produces it
- 9. the removal of government controls over a market
- 11. the expenses a new business must pay for a firm to enter a market
Down
- 1. when two or more companies join to form a single firm
- 2. any factor that makes it difficult for a new firm to enter am market
- 3. laws that encourage competition in the marketplace
- 5. a market structure in which a few large firms dominate a market
- 6. a market structure in which a large number of firms all produce the same product and no single seller controls supply or prices
- 7. a government-issued right to operate a business
- 10. a market in which a single seller dominates
- 12. a license that gives the inventor of a new product the exclusive right to sell it for a specific period of time
