Answer to 23 down is 🇯🇵شتسدتثبختضدخцзкаблзатu 哦额好啦回家啦三等奖어쩔티비تشکتیشتهیت si señor

12345678910111213141516171819202122232425
Across
  1. 3. What rejects Labour Theory of Value (focus on demand) (12)
  2. 7. When a central bank buy back bonds in order to reduce interest rates (12/6)
  3. 8. Large number of firms, but individual firms have monopoly power in their local market (12/11)
  4. 10. when P=MC in perfect competition market (12/9)
  5. 11. Why two rational individuals acting in their own self-interest may not cooperate to produce the mutually-beneficial outcome (9/7)
  6. 13. bretton woods institution that fosters global monetary cooperation (3)
  7. 14. a situation in which one party in a deal has more accurate and different information than the other party (7/9)
  8. 16. What happens at MR=MC (6/13)
  9. 17. How many firms also raise their price when a firm raises their prices in an oligopoly (4)
  10. 18. the father of modern economics (5)
  11. 20. The average cost of fixed and variable costs for the production for each unit of output (7/5/4)
  12. 21. Many, small firms exist, homogeneous products, perfect information for stakeholders, no barriers to entering or exiting the market, price takers, perfectly elastic demand curve - equal to MR, D, AR and P (7/11)
  13. 22. When someone knows more than someone else (10/11)
  14. 24. Goods that share some of the characteristics of public goods but aren’t fully excludable and non-rivalrous (5-11)
  15. 25. When the best strategy in a game is to not deviate from the original strategy (4/11)
Down
  1. 1. the best economics teacher in MCM (7)
  2. 2. the third best economics teacher in MCM after Justin (10)
  3. 4. A system where a limit in placed on certain types of emissions (3/3/5/6)
  4. 5. top of the left triangle part of the market equilibrium (8/7)
  5. 6. Firms can buy competing firms, can price other firms out of the market (10/7)
  6. 9. Governments letting the free market take its own course without intervention
  7. 12. Currency of Poland (5)
  8. 15. The study of rational players while participating in strategic games. (4/6)
  9. 18. One of the four Asian Tigers (9)
  10. 19. Looks to satisfy the most people, and benefit society for the better (11/7)
  11. 23. the country with the 3rd largest GDP (5)