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Vocab Crossword

Across
laws that encourage competition in the marketplace
a monopoly created by the government
a market where goods are sold illegally
the costs consumers pay when searching for a good or service
the removal of some government controls over a market
the right to sell a good or service within an exclusive market
a market structure in which large numbers of firms all produce the same product
a government issued right to operate a business
an illegal grouping of companies that discourages competition
a market that runs most efficiently when one large firm supplies the output
a combination of two or more companies into a single firm
a license that gives an inventor the exclusive right to sell a product
a market structure where a few large firms dominate a market
Down
a market structure that does not meet the standards of perfect competition
a system of allocating scarce goods and services using criteria other than price
any factor that makes it difficult for a new firm to enter a market
selling a product below cost to drive competitors out of a market
the ability of a company to change prices and output like a monopolist
making a product different than other similar products
a formal organization of producers that agree to coordinate prices and production
a situation where a good or service is unavailable
a product which is the same no matter who produces it
a market dominated by a single seller