Across
- 2. A permission given to a company or person to do certain activities, such as selling products of a certain brand.
- 4. A firm can supply the whole market at lower cost driving smaller firms out of business.
- 6. A concept that shows the more a company produces, the cheaper the costs are.
- 8. Weibo, Billibilli,and tiktok are considered to be...
- 9. A firm that controls the price of a good or service.
- 10. Gasoline in a car is considered to be...
Down
- 1. This is the portion of customers of the whole market that a firm is able to obtain.
- 3. the right of a firm or person to be the only who can produce a certain good or service.
- 5. This is a product that cannot be substituted.
- 7. This characteristic refers to the state of a firm as being the only one that sells a certain product.