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Market Structures Crossword Puzzle

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Market Structures

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8 a way to attract customers through style, service or location
9 division of customers into groups based on how much they will pay for a good
12 a market structure that does not meet the conditions of perfect competition
13 selling a product below cost to drive competitors out of the market
14 a product that is the same no matter who produces it
15 factors that cause a producer's average cost per unit
16 combo of 2 or more companies into a single firm
17 a monopoly created by the government
18 A market structure in which a large number of firms all produce the same product
20 a formal organization of producers that agree to coordinate prices and production
21 making a product different from similar products
23 Any factor that makes it difficult for a new firm to enter a market
24 A market that runs efficiently when one large firm supplies all of the output
1 the removal of some gov't controls over a market
2 the ability of a company to change prices and output like a monopolist
3 the right to sell a good or service within an exlusive market
4 an agreement among firms to divide the market
5 a government issued right to operate a business
6 a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
7 a market structure in which many companies sell products that are similar
10 the expenses a firm must pay before it can begin to produce and sell
11 laws that encourage competition in the marketplace
19 a market structure in which a few large firms dominate a market
22 a series of competitive price cuts that lowers the market price below the cost of production
25 like a cartel, an illegal grouping of companies that discourages competition
26 a market dominated by a single seller
27 an agreement among firms to charge one price for the same good
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