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4. The impact of one person’s actions on the well-being of a bystander, positive and negative
6. Input costs that require an outlay of money by the firm
7. A number that summarizes a country’s level of income distribution based on the Lorenz Curve Formula: A / A+B
8. Efforts by the government to prevent oligopolistic industries from behaving like monopolies
10. A situation in which quantity supplied is greater than quantity demanded
11. When the outcome of each firm depends on the firms actions of the other firms in the market, always involved in oligopolies
12. A measure of the responsiveness of quantity demanded or quantity supplied to one of its determinants
16. A graph of the relationship between the price of a good and the quantity demanded
17. A person who receives the benefit of a good buy avoids paying for it
18. A situation in which quantity demanded is greater than quantity supplied

1. Input costs that do not require an outlay of money by the firm
2. The study of how people behave in strategic situations
3. An agreement among firms in a market about quantities to produce or prices to charge
5. A legal minimum on the price at which a good can be sold, Effective when above the equilibrium point
6. A situation in which the market price has reached the level at which quantity supplied equals quantity demanded
8. Total cost divided by the quantity of the output
9. A group of firms action in unison
13. Total revenue minus total cost
14. The limited nature of society’s resources
15. Market structure in which only a few sellers offer similar or identical products, Small amount of firms with shared market power