Across
- 2. a market in which a single seller dominates
- 3. a market structure in which a few large firms dominate a market
- 5. a market that runs most effectively when one large firm provides all output
- 9. when two or more companies join to form a single firm
- 11. a government issued right to to operate a business
- 14. any factor that makes it difficult for a new firm to enter a market
- 15. laws that encourage competition in the marketplace
Down
- 1. an illegal agreement among firms to divide the market
- 4. any factor that makes it difficult
- 6. selling a product below cost for a short period of time to drive competitors out of the market
- 7. an agreement among firms to charge one price for the same good
- 8. the removal of government controls over a market
- 10. the division of consumers into groups based on how much they will pay for a good
- 12. a product that is considered the same no matter who sells or produces it
- 13. the expenses a new business must pay before it can begin to produce goods