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Economics Crossword Puzzle

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Across
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Market structure characterized by single seller
3
Process of distinguishing product or service from others
8
fiduciary relationship in which one party gives another party
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Raw material of product that can be bought and sold
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Pricing of goods at such low levels other competitors can't compete and forced to leave market
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When many firms offer products or services that are similar but not perfect substitutes
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Fierce competition in which retailers cut prices in attempt to increase share of the market
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Government authority conferring a right or title for set period
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When one company gives another company permission to manufacture its products
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Grouping of producers that work together to protect their interests
Down
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When elements of monopoly allows individual producers to exercise some control over market prices
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When the most efficient number of firms is one
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Market structure with broad range of competitors
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Prevents business startup from entering market
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When one firm tries to distinguish its product from competing products
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Proportional saving in costs gained by increased level of production
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Authorization granted by government for companies to be enabled to carry commercial activities
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Collection of federal and state government laws that regulates the conduct and organization of business corporations
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Removal of regulations and restrictions
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Maintaining of prices at certain level by agreement of other competitors
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When market is shared by small number of producers or sellers
18
Combination of two things, especially companies, into one