Across
- 2. of scale
- 5. type of competition characterised by perfect information
- 7. the assumption that a consumer makes optimum decisions
- 10. when one party has more information than another
- 13. the enjoyment or benefit from consumption
- 14. only one provider of a product or service
- 16. focus on one extra unit
- 17. where the first piece of information sticks in the mind
- 18. responsiveness of demand to a change in price
- 19. a market dominated by a few firms
Down
- 1. subtle influences on behaviour
- 3. economic problem
- 4. all the products are the same
- 6. the market for workers
- 8. what happens to marginal returns
- 9. the interaction of supply and demand
- 11. the amount provided at a given price
- 12. market structure with a high degree of differentiation
- 15. type of costs that do not change with output