Across
- 5. total value of sales within a value of time.
- 8. A cost or benefit of an economic activity experienced by a third party.
- 9. a market structure that is dominated by a small number of large sellers.
- 10. a good that’s perceived benefit is higher than the actual benefit.
Down
- 1. the next best option foregone
- 2. supernormal profit
- 3. two firms uniting to form a new company.
- 4. where p=mc on the cost curve diagram
- 6. a sum of money granted by the government to a producer to decrease their costs and increase their output.
- 7. an amount of money paid to the government.