Microeconomics

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Across
  1. 2. curve demonstrating the amount of something purchased at all possible prices
  2. 3. any place buyers and sellers get together to trade
  3. 7. resources produce by the environment
  4. 14. resources used to produce other goods
  5. 15. the production of a firm
  6. 17. the relationship between supply and price
  7. 19. artificially set price below which the price may not fall
  8. 21. things which will move the demand curve to another spot on the graph
  9. 22. the act of working
  10. 25. making similar products unique in order to compete
  11. 27. market structure dominated by one firm
  12. 29. the point where supply and demand curve intersect
  13. 30. merger of two or more companies in the same market
Down
  1. 1. economic system with no government intervention
  2. 4. a measurement of how sensitive a product is to price change
  3. 5. giving up some of one thing to have more of another
  4. 6. education and skills needed to perform jobs
  5. 8. semi-independent business that pays fees to a parent organization
  6. 9. also called communist
  7. 10. graph demonstrating opportunity cost
  8. 11. business owned by stockholders
  9. 12. the next best thing given up when making a choice
  10. 13. businesses designed to do charitable work that other companies don't
  11. 16. curve demonstrating the amount of product producers will sell at all possible prices
  12. 17. profit shares given by corporations to stockholders
  13. 18. the relationship between demand and price
  14. 20. market structure dominated by a few large firms
  15. 21. business owned by one person
  16. 23. how societies answer the 3 questions and 5 goals
  17. 24. economic system which blends both command and free market systems
  18. 26. a person who takes a risk to open a business
  19. 28. when firms work together to set market prices