Micro

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Across
  1. 2. imperfect market with few firms and some price control
  2. 5. opportunity costs
  3. 9. imperfect market with 1 firm and full price control
  4. 10. revenue-costs
  5. 13. downward sloping market curve in perfect competition
  6. 14. when a markets decisions have an effect on society, can be positive or negative
  7. 15. price X quantity
  8. 16. key economic concept and the result of limitless wants with limited resources
  9. 19. when one firms actions affect the decisions of another firm
  10. 20. the amount quantity changes as a result of a price change
Down
  1. 1. goods that demand increases as consumers income increases
  2. 3. upward sloping market curve in perfect competition
  3. 4. the study of individual markets and firms in an economy
  4. 6. when two firms agree to price in order to increase profit
  5. 7. economy with lots of government intervention
  6. 8. factors that shift the supply curve
  7. 11. the action of exchanging goods/services
  8. 12. factors that encourage individuals to act a certain way
  9. 17. factors that shift the demand curve
  10. 18. real costs paid such as rent or