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| 1. | Collectively used goods or services (2 words) |
| 2. | Goods or services sold in markets (2 words) |
| 4. | The most efficient market structure (2 words) |
| 5. | The proportion of the total market controlled by a set number of companies (2 words) |
| 6. | Many producers supply similar but varied products in this market structure (2 words) |
| 7. | Producers are an example of ___ ___ because they have to accept the market price for a product (2 words) |
| 8. | Markets with more ____ are more competitive |
| 11. | A firm can provide a good or service more efficiently and at a lower cost than other firms can (2 words) |
| 12. | The organization of a market, based mainly on the degree of competition. (2 words) |
| 13. | A Cost benefit that doesnt fall on the consumer or producer |
| 14. | Failure to allocate resources efficiently (2 words) |
| 15. | Measure of how easy it is to start a new business (3 words) |
| 16. | Anyone not paying for a private good can be excluded from using it |
| 17. | The more competitive the market, the less _____ ______ any one producer will have (2 words) |
| 19. | Company accused of monopolistic practices in 1998 |
| 21. | an organization of producers established to set production and pice levels for a product |