Last class BA AC

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Across
  1. 6. consequence of non-excludability of public good
  2. 8. when addition of marginal product reduces total product
  3. 10. an economy policy which addresses the incidence of a positive externality
  4. 14. an externality that incurs a cost on a third party
  5. 15. in a competitive market marginal revenue is equal to
  6. 16. when output is less than most efficient point on ATC in Monopolistic competition
  7. 17. the very best economics lecturer in SETU
  8. 18. the difference between private benefit and social benefit.
Down
  1. 1. total cost divided by output
  2. 2. a good which is rival and excludable
  3. 3. an example of the tragedy of the commons
  4. 4. market structure dominated by few firms
  5. 5. when price is less than ATC profits are
  6. 7. example of Irish monopoly
  7. 9. the difference between price paid and marginal cost in Monopolistic competition
  8. 11. the long run position of a firm in Monopolistic competition
  9. 12. when a monopoly charges different prices for same good.
  10. 13. the Nash equilibrium in prisoner’s dilemma (game theory)