Market Structures Crossword Puzzle

QUESTIONS LIST:

• perfect competition : in _ _ there are many buyers and sellers of standardized products.
• price fixing : sellers in an oligopoly engage in _ _ when they all agree to charge the same price for their products.
• cartel : a _ is a group of sellers that acts together to set prices and limit output.
• non price : in monopolistic competition sellers engage in _ competition.
• monopoly : in a _ there is a single seller of a product with no close substitutes.
• monopolistic : in _ competition there are many buyers and sellers of similar but differentiated products.
• natural monopoly : the local water company is an example of a _ _ .
• economies of scale : in a natural monopoly _ _ _ make it most efficient for a single company to provide the service.
• barrier to entry : a _ is anything that makes it difficult to enter a market.
• oligopoly : in _ there are few sellers for many buyers. (large market share)
• market structure : an economic model of competition among businesses in the same industry.