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ECO 301: Pricing with Market Power

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Across
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Pricing that comes from market power such as that of the four national cellular networks
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Maximum price that a customer is willing to pay for a good
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Charging higher prices during peak periods
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Discrimination where customers are separated by demand functions
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Can further increase profits
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Practice of charging different prices to different customers for similar goods
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Practice of charging different prices per unit for different quantities of the same good or service
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Issued to allow customers buy products at discounts
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Refers to any requirement that products be bought or sold in some combination
Down
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The consumer is charged different prices for different quantities or "blocks" of goods
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Difference between what a consumer is willing to pay and the amount actually paid
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Bundling where two or more goods are sold both as a package and individually
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Form of pricing in which consumers are charged both an entry and a usage fee
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Selling products only as a package
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Practice of dividing customers into two or more groups with separate demand curves and charging different prices to each group
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Practice of selling two or more products as a package
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Price discrimination that occurs when each customer is charged exactly what they are willing to pay
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Percentage change in quantity demanded resulting from a one percent increase in advertising expenditures