Across
- 3. situation in which the average cost of production falls as a firm gets larger
- 5. monopoly based on a firms' ownership or control of a production method, process, or scientific advance
- 7. agreement(usually illegal) by firms to charge the same price for a product
- 8. market structure where average costs of produvtion are lowest when a single firm exists
- 9. a market with a single seller of a certain product
Down
- 1. a monopoly owned and operated by the government
- 2. agreement(usually illegal) between producers to fix prices, limit outputs, or divide markets
- 4. market structure where one firm has a monopoly in geographic area
- 6. a market in where a few large sellers dominate an industry