Across
- 3. making a product different from other similar products
- 4. One firm,unique product,control of price,impossible to enter
- 5. a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
- 6. a government issued right to operate a business
- 9. a market that runs most efficiently when one large firm supplies all of the output
Down
- 1. a market structure in which a large number of firms all produce the same product
- 2. the expenses a firm must pay before it can begin to produce and sell goods
- 7. a product that is the same no matter who produces it such as petroleum, notebook paper, or milk
- 8. the right to sell a good or service within an exclusive market