Across
- 3. Legal right to exclusive use of an invention.
- 4. Ability of a firm to influence prices.
- 5. Merging of two companies into one.
- 7. Item offered for sale.
- 13. Firms charging different prices for the same product.
- 14. Barriers to prevent firms from entering the market.
- 15. How dominant the largest firms are in an industry.
Down
- 1. Competing based on aspects other than price.
- 2. Reaction to competing firm’s price changes.
- 6. Cooperation between firms for market advantages.
- 8. Business that sells goods or services.
- 9. Characteristic distinguishing one products from another.
- 10. User or buyer of goods and services.
- 11. Process of firms merging
- 12. Agreement among firms to control prices or production.