Sports Economics Terminology

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Across
  1. 2. when a few firms dominate an industry
  2. 5. providing additional funds to support a market
  3. 11. the natural state of the world when there is unlimited wants
  4. 15. someone who benefits without contributing expenditures in a market
  5. 16. what is foregone by engaging in an economic activity, commonly the NEXT best alternative (2)
  6. 17. when businesses compete for customers
  7. 18. schedule of amount offered for sale at various prices
  8. 19. Revenue in excess of expenses
  9. 21. The ability of a firm to prevent certain consumers from benefitting from a good
  10. 24. additional expenses occurred (2words)
  11. 26. how we expect the average consumer to behave
  12. 28. a stimulus to spur an action
  13. 29. the additional output from adding another input [labor](2)
  14. 30. to measurement that tracks consumer demand (3)
  15. 32. best outcome
  16. 33. showing consumers intended purchases at various prices
Down
  1. 1. what an inefficient market creates (3words)
  2. 3. strategic decision making process (2)
  3. 4. additional benefit to market participants in excess of obtaining the good or service (2)
  4. 6. when a market produces too much of a good
  5. 7. an alternative [good]
  6. 8. expenses that do not change as output increases (2)
  7. 9. To charge different prices to different types of consumers (2)
  8. 10. a time period NOT long enough to change ALL inputs (2)
  9. 12. when a market cannot provide enough of a good
  10. 13. all incoming income (2)
  11. 14. one firm operating in a market
  12. 20. where buyers and sellers come together to interact (2)
  13. 22. a collusive group of firms
  14. 23. how responsive a market is to a change [typically in price]
  15. 25. a metric showing how a few dominate an industry
  16. 27. how government attempts to influence outcomes (2)
  17. 31. a period of time where ALL inputs are variable(2)