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Supply and Demand Crossword

Across
more than what is needed or used
state of balance in an economy, and can be applied in a number of contexts
contract issued by a local authority that gives a single firm the right to sell its good in a certain market
reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry
agreement that unites two existing companies into one new company
ability to control prices and total market output
division between customers into groups based on how much they would pay for a certain good
larger # of firms product identical products
statutes developed by the U.S. government to protect consumers from predatory business practices
product that is considered the same regardless of who makes or sells its
maximum price that can be legally charged for a good
market is run off one large firm providing all of the outputs; overlooked by government
Down
lowest legal price a commodity can be sold at
a state or situation in which something needed cannot be obtained in sufficient amounts
given by government to firms granting the right to operate a business
lowest remuneration that employers can legally pay their workers
monopoly created by government
expenses that a new business must pay before the first product
factors that make it difficult for a new firm to enter the marker
situation where internal and/or external forces prevent market equilibrium from being reached or cause the market to fall out of balance