Across
- 2. The type of market or environment in which businesses operate
- 7. choosing not to do something that is considered risky
- 8. A type of market structure in which a market is controlled by one supplier
- 9. Illegal business agreement in which businesses agree on prices of their goods or services, resulting in little choice for the customer
- 13. A market structure in which there are many businesses selling a lot of identical products for about the same price to many buyers
- 14. the rivalry between two or more businesses to attract scarce customer dollars
- 15. A type of rivalry between or among businesses that involves factors other than price
- 18. A federal regulation intended to prevent specific business actions that might restrict competition
- 19. A federal regulation that established a regulatory agency to monitor business activities in order to prevent unfair competition
- 20. An illegal activity in which a business charges different customers different prices for similar amounts and types of products
Down
- 1. An illegal agreement that forbids customers from buying goods and services from competitors
- 3. Protects competitors from takeovers that would limit competition
- 4. A type of market structure in which a lot of businesses sell similar products that have only a few differences
- 5. An economic system in which individuals and groups rather than the government own or control the means of production
- 6. Rivalry between or among businesses that offer dissimilar goods or services
- 10. risks caused by human mistakes
- 11. Using minimum amounts of resources to the best advantage
- 12. A type of rivalry between or among businesses that focuses on the use of price to attract scarce customer dollars
- 16. A market structure in which there are relatively few sellers, and industry leaders usually determine prices
- 17. Rivalry between or among businesses that offer similar types of goods or services