micro crossword

5. If the price of good A causes an decrease in quantity of good B, they are ___
9. If quantity increases when income decreases, the good is an ___ good
10. A firm characterised by high fixed costs and barriers to entry
12. If P<___, a firm will shutdown to minimize losses
13. A type of firm that engages in collusion
15. Curve showing the quantity of a good bought at any given price
16. If the price of good A causes an increase in quantity of good B, they are ___
18. IF MPB<MSB, there is a ___
19. If MPC<MSC, there is a ___
20. Curve showing the quantity of a good produced at any given price

1. This is constant and equal to P in a perfectly competitive firm
2. A firm that is the single employer in a labor market
3. When an oligoplistic firm does the same thing regardless of that the other does, they have a ___
4. A type of firm that is a price taker
6. A few firms have some market power, typically advertise, and produce similar but slightly differentiated products
7. Single firm that has complete market power
8. Change in cost per unit
11. Calculated by doing %ΔQ/%ΔP
14. If quantity increases with income, the good is a ___ good
17. If P=___, a firm is making zero profit