AP Micro Crossword

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Across
  1. 3. costs = actual money
  2. 4. Profit maximizing quantity in a monopoly
  3. 6. The theory on how firms in an oligopoly make strategic choices
  4. 10. price x quantity
  5. 13. MSB>MPB
  6. 15. low barriers to entry, many firms, differentiated products
  7. 18. Revenue - Explicit Costs
Down
  1. 1. MSC>MPC
  2. 2. distribution of income in a society
  3. 5. Low barriers to entry, Same products, Many firms
  4. 7. solution when two firms are non cooperative
  5. 8. Cost= the next best alternative
  6. 9. costs= opportunity cost
  7. 11. Upward Sloping in Perfect Comp.
  8. 12. Revenue - cost
  9. 14. Downward sloping in perfect comp.
  10. 16. One Firm has all control of market
  11. 17. Revenue-(Explicit+Implicit costs)
  12. 19. Nonexcludable and nonrivalrous
  13. 20. A Few Firms have control of the market