Across
- 4. (One word) When two or more firms join to form a new firm; sometimes reducing competition.
- 6. (One word) A market dominated by one major purchaser.
- 8. (One word) A market with a five firm concentration ratio of 50% or higher.
- 9. (Four words) The organisation in charge of competition policy in the UK.
- 12. (One word) The process of selling state-owned businesses to private investors.
- 13. (One word) A feature of a market that is generally seen as beneficial for consumers.
Down
- 1. (One word) The method of pricing aimed at eliminating at least one competitor.
- 2. (One word) The removal of laws and controls in a market, with the aim of opening it to greater competition.
- 3. (One word) A government run organisation that aims to prevent anti-competitive behaviour in a market.
- 5. (One word) A measure of the ease of entry and exit to a given market.
- 7. (Two words) A market where economies of scale mean that only one firm is able to operate successfully.
- 10. (One word) An industry dominated by one major seller.
- 11. (One word)Firms work together to fix prices.