Across
- 2. Factors that make it difficult for new firms to enter a market
- 3. Laws that encourage competition i9n the marketplace
- 4. The expenses an owner has to pay before opening a new business
- 6. A market structure in which many companies sell products that are similar but not identical
- 9. Gives a company exclusive rights to sell a good or new service for a specific time period
- 10. The removal of government controls over a market
- 11. A market dominated by a few large firms
- 13. An illegal agreement among firms to divide the market, set prices, or limit production
- 14. Products that are the same no matter who makes them
- 16. A government-issued right to operate a business
- 17. A way to attract customers through style, service,or location,rather than a lower price
Down
- 1. a market that runs most efficiently when one large firm provides all of the output
- 5. Selling a product below cost for a short period of time to drive competitors out of the market
- 7. The simplest market structure to study
- 8. A market in which a single seller dominates
- 9. fixing An agreement among firms to charge one price for the same good
- 12. discrimination The division of consumers into groups based on how much they will pay for good
- 15. When two or more companies join to form a single firm