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Market Structures

Name:
Date:
Block:
Across
A __ is anything that makes it difficult to enter a market.
In __ __ there are many buyers and sellers of standardized products.
In __ there are many buyers and sellers of similar but differentiated products.
An economic model of competition among businesses in the same industry.
A ___ is a group of sellers that acts together to set prices and limit output.
In __ there are few sellers for many buyers. (large market share)
Down
In monopolistic competition sellers engage in __ __.
In a natural monopoly __ __ __ make it most efficient for a single company to provide the service.
The local water company is an example of a __ __.
Sellers in an oligopoly engage in __ __ when they all agree to charge the same price for their products.
In a ___ there is a single seller of a product with no close substitutes.