Economics

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Across
  1. 2. the development of skills and knowledge associated with one job or one area of expertise
  2. 7. a market structure characterized by many producers supplying similar but varied products with few barriers to entry to the market
  3. 8. an arrangement that bring sellers and buyers together for economic transactions
  4. 9. the total amount of goods and services consumers are willing to buy at various prices
  5. 10. a market structure characterized by very few producers supplying similar products with high barriers to entry in the market
  6. 11. condition that occurs when someone can produce goods and services cheaper than other producers
Down
  1. 1. the price at which the quantity supplied in the market matches the quantity demanded in the market
  2. 3. a market structure characterized by many producers supplying the same product and very few barriers to entry in the market
  3. 4. the total amount of goods and services offered for sale at various prices
  4. 5. a market structure characterized by one producer with a unique product and very high barriers to entry in the market
  5. 6. condition that occurs when someone can produce at a lower opportunity cost than other producers