Across
- 4. Profit of a firm over and above what provides its owners with a normal (market equilibrium) return to capital
- 8. A proportionate saving in costs gained by an increased level of production.
- 9. One major firm
- 10. A couple major firms
- 11. We are all dead
- 12. No major firms
- 14. Factors which prevent or deter the entry of new firms into an industry
- 15. One factor of production is fixed
Down
- 1. Firms keeping prices abnormally high without any formal discussion
- 2. Multiple firms coming together to agree to set a price unusually high
- 3. Organization of the petroleum exporting countries
- 5. A group of firms making a pact, often to do something illegal
- 6. Many major firms, not much bias
- 7. Two firms dominate the market
- 13. A situation were firms fight to have the lowest price