Across
- 3. name for U.S. economy
- 5. monopoly due to high costs of production
- 6. agreement to set prices
- 7. uses advertising
- 10. keeps prices low
- 14. monopoly from a new invention
- 15. fixed costs plus variable costs
- 16. characteristic of MC
- 17. monopoly because private sector cannot provide
- 18. farmers market
Down
- 1. MR=MC
- 2. place where goods are bought and sold
- 4. example of nonprice competition
- 7. one seller
- 8. few sellers
- 9. example of variable cost
- 11. market without government interference
- 12. example of fixed cost
- 13. monopoly because of location