Competition and Market Structures Crossword Puzzle

QUESTIONS LIST: oligopoly: a few large firms dominate the market, differentiation: making a product different from another, non-price competition: way to attract customers through style, service, or location, collusion: illegal agreement among firms to divide the market and set prices, cartel: organization of producers that agree to coordinate prices and production, franchise: contract that gives a single firm the right to sell within an exclusive market, price discrimination: division of consumers into groups based on how much they will pay for a good, government monopoly: monopoly created by the government, monopolistic comp: multiple companies selling products that are similar, but not identical, license: government-issued right to operate a business, pure competition: large number of firms producing the same product, natural monopoly: market that runs most efficiently when one firm provides all output, commodity: product that is considered the same no matter who produces or sells it, barrier to entry: any factor that makes it difficult for a new firm to enter the market, start-up costs: expenses a new business must pay before it can produce/sell goods, imperfect competition: market structure that fails to meet conditions of pure competition, monopoly: market in which a single seller dominates, patent: government license that gives exclusive right to sell/produce a new product, price fixing: agreement among firms to charge one price for the same good, market power: ability of a company to control prices and output, price war: competitive price cuts that lowers market price below production costs