Competition and Monopolies

3. The # of basic structures in a market structure
7. The # of types of monopolies
8. In this type of monopoly, the govt. grants rights to utility companies to provide a service
11. This is dominated by numerous sellers
13. This is formed when 2 or more companies combine
16. The # of types of mergers
17. The # of years that a copyright lasts
18. In this type of monopoly, the seller can raise prices without fear of losing business
19. In this type of monopoly, you have control over your invention
20. This protects art, literature, and song lyrics from being stolen
21. This protects a person's invention idea from being stolen
23. These seek to gain monopolistic power (Mexico has a drug-related one)
24. The # of conditions that must be met for perfect competition

1. This type of legislation focuses on laws to prevent new monopolies
2. The __ Antitrust Act protects trade and commerce from monopolies
4. This occurs when competing firms agree to raise prices
5. This has the least competition
6. This is a huge corporation that involves 4 or more businesses
9. An example of this type of monopoly would be a country store in a rural setting
10. The U.S. Postal Service is an example of this type of monopoly
12. In an __ directorate, member's of a company board control competing competition
14. A reduction of government control
15. A factor of this is that it is a single seller controlling supply
21. This type of competition has the most competition
22. The # of years that a patent lasts