Market Structure

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Across
  1. 2. An example of ________ pricing is when you can purchase a set meal at a cheaper price than the total price of the ala-carte items
  2. 4. Price _________ is the charging of different prices to different customers with the price difference being unrelated to cost
  3. 6. A firm in perfect competition has no influence on the price of its product. Hence, it is a price ___________
  4. 7. There is only 1 firm in this market structure
  5. 8. This legal barrier to entry is given to the inventor of a product/service
Down
  1. 1. Interdependence of firms is a unique characteristic of this market structure
  2. 3. Reduction of price of an IT product from its launch price. Price ________oligopoly Interdependence of firms is a unique characteristic of this market structure
  3. 5. When a firm differentiates its product, the product becomes more price ________