Across
- 2. Another word for 'business'
- 4. When a common resource has limited use, one party prevents the consumption of another
- 6. When quantity supplied is much greater than the quantity demanded
- 7. One of very few firms that produces a specific good
- 8. A legal entity owned by individual stockholders
- 12. When quantity demanded and quantity supplied are at an equal rate
- 13. Unseen forces that make changes in the free economy
- 15. Money received after a transaction
- 16. A market failure where the interaction between two parties creates costs or benefits for a third party
Down
- 1. Government regulations to promote competition and stop monopolies
- 3. Price and supply change in coordination
- 5. A supply shifter that changes the price of something based on the cost and labor to create it
- 9. When people or firms act in their self-interest, creating inefficient outcomes
- 10. A person who receives benefits for something they didn't pay for
- 11. A demand shifter where a change in the price of a product changes its complementary items
- 14. Payments from the government to support a firm