Across
- 2. Formal contract to repay borrowed money with an interest and fixed intervals
- 5. seller faces no competition, as he is the sole seller of goods with no close substitute
- 7. Laws in a city or town that designates separate areas for residency and for business
- 8. is a type of license that a party acquires to allow them to have access to a business's
- 9. is a type of monopoly that exists as a result of the high fixed costs or startup costs of operating a business in a specific industry
- 10. describes a market structure where competition is at its greatest possible level
- 12. Formal organization of producers that agree to coordinate prices and production
- 15. Money and other valuables belonging to an individual or business
- 16. type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
- 17. An agreement among firms to change one price for the same good
- 18. a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events
- 19. Oligopoly is a market structure in which a small number of firms has the large majority of market share
Down
- 1. An agreement among firms to divide the market, set prices, or limit productions
- 3. an extra benefit supplementing an employee's salary
- 4. government license that gives the holder exclusive rights to a process, design or new invention for a designated period of time
- 5. is a type of imperfect competition such that many producers sell products that are differentiated from one another and hence are not perfect substitutes
- 6. is the process of distinguishing a product or service from others, to make it more attractive to a particular target market
- 11. a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
- 13. Share of earnings given as payment
- 14. Portion of corporate profits paid out to stock holders