Across
- 4. Expenses a new business must pay before it can open
- 6. Secret cooperation among competing firms
- 10. _________competition: few sellers, different products, significant barriers to entry
- 12. Is the same no matter who sells it
- 14. formal agreement among producers to set prices
Down
- 1. _____competition: many buyers and sellers, identical products, little barriers to entry.
- 2. ____to entry, make it difficult for new firms to enter a market
- 3. A single seller in a market
- 5. ______discrimination: the ability to charge different prices to different groups
- 7. A few large firms control the market
- 8. Exclusive right to sell a product
- 9. Competing firms join into a single firm
- 11. The military is an example of a ______ monopoly.
- 13. _____power: ability to control prices