Crossword on Chapters 7, 8 & 9

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Across
  1. 5. A market structure with many buyers and sellers, selling identical products.
  2. 6. The total income earned by a firm from the sale of its output.
  3. 7. The price at which a firm incurs losses but continues production in the short run.
  4. 9. The revenue earned per unit of output sold
  5. 10. The level of output at which the firm's marginal cost equals marginal revenue.
Down
  1. 1. The revenue earned from selling one additional unit of output.
  2. 2. The revenue earned by a firm under perfect competition is equal to price.
  3. 3. Price The price at which a firm earns normal profits.
  4. 4. The revenue earned by a firm when price remains constant.
  5. 8. The difference between total revenue and total cost.