Across
- 4. Businesses in perfect competition are usually this size.
- 5. A market structure with many buyers and sellers and identical products.
- 6. New ideas, technology, or improvements in products and services.
- 7. A situation where it is easy for new firms to enter a market because there are low ______ to entry.
Down
- 1. Efficiency gained through improving production methods and technology over time.
- 2. The level of how good a product or service is.
- 3. The type of efficiency achieved when resources are allocated to what consumers want most.