91400 Market Structure #1

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Across
  1. 4. One efficient provider due to scale.
  2. 9. Firm that accepts market price.
  3. 13. Period with at least one fixed input.
  4. 14. All inputs are variable over time.
  5. 15. Loss from inefficiency in allocative outcome.
  6. 17. Maximised total surplus at equilibrium.
  7. 18. Output where marginal cost equals marginal revenue.
  8. 19. Price‑taking firms in competitive markets.
  9. 20. Cost of producing one more unit.
Down
  1. 1. MC equals MR when at loss.
  2. 2. P equals MC → efficient.
  3. 3. Output choice where MC equals MR.
  4. 5. Difference between price and producer’s cost.
  5. 6. Firm that sets its own price.
  6. 7. Price greater than MC creates deadweight.
  7. 8. Revenue from selling one more unit.
  8. 10. Using MC and MR for decisions.
  9. 11. Single firm with price‑making power.
  10. 12. Combined consumer and producer surplus.
  11. 16. Difference between willingness and paid price.