Across
- 4. laws: Legislation that prohibits
- 7. and business arrangements designed
- 9. A market structure with significant
- 13. consequences: The unexpected
- 14. monopolistically competitive, oligop-
- 16. or identical products.
- 17. entry of firms into an industry.
- 18. power: The power to set prices; in
- 20. of scale: Factors that cause a
- 26. that restrain trade, such as price
- 27. competition: Competition based
- 28. achieve monopoly power.
Down
- 1. or superior after-market service.
- 2. losing all customers. Firms that
- 3. to entry in which a few firms offer
- 5. average cost per unit to fall as
- 6. or monopolistic have market power,
- 8. words, the ability to raise prices
- 10. differentiation, such as product
- 11. of demand: As the price of a good or
- 12. to entry: Anything that prevents
- 15. rises, the quantity demanded of
- 19. of that good or service rises.
- 21. rises.
- 22. distinguishing a product by means of
- 23. good or service falls. Likewise, as the
- 24. perfectly competitive firms do not.
- 25. unplanned results of a decision or
- 26. of a good or service falls, the quantity