Across
- 4. an agreement among firms to divide the market, set prices, or limit production
- 7. making a product different from other similar products
- 8. a government issued right to operate a business
- 9. a formal organization of producers that agree to coordinate prices and production
Down
- 1. a product that is the same no matter who produces it
- 2. a market dominated by a single seller
- 3. a market structure in which a few large firms dominate a market
- 5. a licence that gives the inventor of a new product rights to sell it for a certain amount of time
- 6. the right to sell a good or service within an exclusive market