Across
- 3. it can begin to produce and sell goods
- 5. a new firm to enter a market
- 7. the expenses a new business must pay
- 8. a market in which a single seller dominates
- 10. pricing- selling a prduct below cost for a
- 11. - laws- laws that encourage competition in the
- 15. - competition a market structure in which a large
- 16. one large firm provides all of the output
Down
- 1. any factor that makes it difficult
- 2. a product, such as petroleum or milk, that
- 4. place
- 6. - monopoly- a market that runs most efficiently
- 9. period of time to drive competitors out of market
- 12. considered the same no matter who produces or sells
- 13. controls supply or prices
- 14. of firms all produce the same and no single