Across
- 4. the point at which there is no tendency for change (1)
- 8. a market structure in which there are only a few firms and firms explicitly take other firms' likely response into account (1)
- 10. the ability to negotiate a better deal (2)
- 13. offer lower prices to those buyers who are willing to overcome some hurdle or obstacle (2)
- 14. the effects of a decision on a third party are not taken into account by the decision maker (1)
- 15. when there are no factors making it particularly difficult or costly for a business to enter or exit an industry (2)
- 17. an individual's actions are very much influenced by the current situation (3)
- 18. a requirement to buy or sell a minimum amount of a good (1)
- 19. selling different goods together as a package (1)
Down
- 1. costs that have already been incurred and cannot be recovered (1)
- 2. a tax designed to reduce the costs imposed on society from a negative externality (1)
- 3. the amount of a good people are allowed to use is directly limited by the government (2)
- 5. the goods available are too few to satisfy individuals' desires (1)
- 6. when the quantity demanded exceeds the quantity supplied (1)
- 7. people need me but they are always giving me away (1)
- 9. luxury good where quantity demanded increases as price increases; contradictory to classical definition of demand (1)
- 11. the pleasure or satisfaction people get from doing or consuming something (1)
- 12. an agreement to limit competition (1)
- 16. what kind of book makes money? (1)