Economics 2/23/17 Crossword

the right to sell a good or service within an exclusive market
a government-issued right to operate a business
the ability of a company to change prices and output like a monopolist
a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time
laws that encourage competition in the marketplace
any factor that makes it difficult for a new firm to enter a market
a formal organization of producers that agree to coordinate prices and production
an agreement among firms to divide the market, set prices, or limit production
a product that is the same no matter who produces it, such as petroleum, notebook paper, or milk
removal of some government controls over a market differentiation making a product different from other similar products
factors that cause a producer’s average cost per unit to fall as output rises
is a business organization, such as a corporation, limited liability company or partnership, that sells goods or services to make a profit.