Market Structure Crossword

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Across
  1. 4. - One seller controls the entire market.
  2. 6. - Real or imagined differences between products.
  3. 7. - How much competition exists in an industry.
  4. 10. - ______ Monopoly: Market run by the government.
  5. 12. - Costs go down as firm grows larger.
  6. 13. - ______ Monopoly: Only seller in certain area.
  7. 14. - Firms secretly cooperating on prices or actions.
  8. 15. - ______ Monopoly: Control of an invention or process.
  9. 16. - "allow them to do"
Down
  1. 1. - Few large sellers dominate the market.
  2. 2. - Firms agreeing to set the same price.
  3. 3. - ______ Competition: Many sellers offering identical products.
  4. 5. - ______ Competition: Using promotions instead of price cuts
  5. 8. - ______ Competition: Market missing one or more conditions of perfect competition.
  6. 9. - _____ Monopoly: One firm can produce more cheaply than others.
  7. 11. - ______ Competition: Many sellers, similar but not identical products.