Across
- 3. to entry Things that keep a firm from entering the market
- 6. The removal of regulations or restrictions, especially in a particular industry
- 8. Items that are considered the same no matter who produces or sells it
- 9. Many companies sell products that are similar but not identical
- 10. up Costs Expenses that must be paid before a firm can open
- 12. Policies that keep firms from controlling the price and supply
- 13. Market in which a single seller dominates
Down
- 1. When two or more companies join to form a single firm (can be vertical or horizontal)
- 2. Charging different prices to different consumers for same product
- 4. License that gives the inventor of a new product the exclusive right to sell it for a specific period of time
- 5. Large number of firms all produce the same product and no single seller controls supply or prices
- 7. Few large firms dominate a market
- 11. Illegal agreement among firms to divide the market, set prices, or limit production