Across
- 2. Charging a different price for the same good in different markets
- 3. One firm supplying all output int he industry without facing competition
- 4. Taking a firm into public ownership
- 7. Irretrievable costs that occur when a firm exits an industry
- 8. Obstacles that stop new firms entering a market
Down
- 1. Not reducing costs to their lowest level
- 2. Way of distinguishing a product from that of competitors
- 5. Reduction in consumer and producer surplus when output is restricted to less than optimum level
- 6. Setting a price so low that other firms will not enter the industry