Across
- 5. when the tax burden is paid by equally by the buyer and seller
- 8. a feature of a monopolistic competitive firm
- 11. a policy to address a negative externality
- 13. the long run position of a firm in Monopolistic competition
- 14. the Nash equilibrium in prisoner’s dilemma (game theory)
- 15. total cost divided by output
- 18. when output is less than most efficient point on ATC in Monopolistic competition
- 21. the nature of a demand curve when a a portion of a tax is paid by the consumer
- 22. an economy policy which addresses the incidence of a positive externality
- 24. an area on a diagram showing the redistribution of consumer and producer surplus
- 25. restriction on quantity
- 26. an externality that incurs a cost on a third party
Down
- 1. maximum price above equilibrium
- 2. when oligopoly prices appear to be based on a collusive agreement
- 3. maximum price below equilibrium
- 4. the tax burden on the consumer or producer
- 6. when addition of marginal product reduces total product
- 7. a example of a price floor
- 9. what motivates government to introduce a price support
- 10. what happens when a price ceiling is below equilibrium
- 12. market structure dominated by few firms
- 13. the very best economics lecturer in SETU
- 16. the action of looking for best value following a price control
- 17. charging different prices for same good
- 19. what occurs when price floor is above equilibrium
- 20. example of Irish monopolistic competitive industry
- 23. a demand curve of an oligopoly that has two properties of elasticity