crossword puzzle

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Across
  1. 2. Firms making products slightly different to gain market advantage.
  2. 5. A few large firms dominate the market.
  3. 7. Rules imposed by the government to control business practice.
  4. 8. Costs that cannot be recovered once spent.
  5. 11. Firms that accept the market price as given.
  6. 13. Additional revenue from selling one more unit.
  7. 14. Firms cooperating to set prices or production levels.
  8. 18. When quantity supplied exceeds quantity demanded.
  9. 20. Where supply equals demand.
  10. 23. The ability of a firm to influence prices.
  11. 24. Many firms selling differentiated products.
  12. 25. The total income from selling goods or services.
  13. 26. A single firm dominates the market, controlling prices.
  14. 27. Firms that can set prices in a market.
  15. 28. Economic inefficiency resulting from market distortions
  16. 29. When quantity demanded exceeds quantity supplied.
Down
  1. 1. Costs that vary with production output.
  2. 2. Maximum legal price a seller can charge for a product
  3. 3. The organization of a market based on competition.
  4. 4. Costs that do not change with production level.
  5. 6. Reducing average costs by increasing production.
  6. 9. A market with many buyers and sellers, no control over prices.
  7. 10. Minimum legal price set for a good or service.
  8. 12. A market where one firm can provide goods more efficiently than multiple firms.
  9. 15. The difference between the price producers receive and the minimum they would accept.
  10. 16. Setting production where marginal cost equals marginal revenue.
  11. 17. Setting price equal to the cost of producing one more unit.
  12. 19. Charging different prices to different consumers for the same product.
  13. 21. The difference between what consumers are willing to pay and what they actually pay.
  14. 22. The complete cost of production, including fixed and variable costs.