Grady Snyder-Market Structure

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Across
  1. 2. occurs in markets that have few sellers or products that are not standardized
  2. 5. is the ideal model of a market economy
  3. 6. occurs when businesses agree to
  4. 7. is a group of firms combined in order to reduce competition in an industry.
  5. 9. of business.
  6. 11. exists when the government
  7. 14. occurs when businesses set
  8. 16. occurs when competing businesses divide a market amongst themselves.
  9. 19. groups of consumers.
  10. 22. is the effort to distinguish a product from similar products.
  11. 24. occurs when many sellers offer
  12. 27. are lowest with only one producer.
  13. 29. prices for competing products.
  14. 31. is a market structure in which only a few sellers offer a similar product.
  15. 32. is one that consumers see as identical regardless of producer
  16. 34. is a company’s percent of total sales in a market.
  17. 36. price determined by supply and demand
  18. 37. occurs when a firm controls a manufacturing method, invention, or type of technology.
  19. 38. exists when there are no other producers within a certain region.
Down
  1. 1. reduces or removes government
  2. 3. is the joining of two firms to form a single firm.
  3. 4. producer.
  4. 6. is a firm that does not have
  5. 8. consider competitors when setting the prices of its products.
  6. 10. occurs when producers use
  7. 12. makes it hard for a new business to enter a market.
  8. 13. other than low price to try to convince customers to buy their products
  9. 15. is a set of rules or laws designed to control business behavior.
  10. 17. occur when the average cost of production falls as the producer grows larger.
  11. 18. is a group that acts together to set prices and limit output.
  12. 20. defines monopolies and gives government the power to control them.
  13. 21. is a moderated discussion with
  14. 23. occurs when there is only one seller of a product that has no close substitutes
  15. 25. is a business that accepts the
  16. 26. but not standardized, products.
  17. 28. below cost for a time to drive competitors out of a market.
  18. 30. occurs when the costs of
  19. 33. owns and runs the business or authorizes only
  20. 35. gives an inventor the exclusive property rights to that invention or process for a certain number of years.