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Across 1. Many Communist countries use a _______ economy system 4. A _________ monopoly runs most efficiently when one large firm supplies all of the output 6. the expenses a firm must pay before it can begin to produce and sell goods 10. In _______ competition, many companies sell similar but not identical products 12. the removal of some government controls over a market 14. Professional baseball is an example of a ____________ the government allows 16. A group that conspires to control a market but typically doesn't last long 17. a license that gives the inventor of a new product the exclusive right to sell it for a certain period of time

Down 2. combination of two or more companies into a single firm 3. Price ____________ divides customers into groups based on how much they will pay for a good 5. the government uses some tool other than money to allocate goods 7. the smallest amount that can legally be paid to most workers for an hour of work 8. a product that is considered the same no matter who produces it 9. two to four firms producing 70 percent to 80 percent of the output 11. This is a type of price ceiling that was used in New York City 13. buyers will purchase exactly as much as sellers are willing to sell 15. In __________ competition, many buyers and sellers are selling the same identical product