Across
- 2. imperfect market with few firms and some price control
- 5. opportunity costs
- 9. imperfect market with 1 firm and full price control
- 10. revenue-costs
- 13. downward sloping market curve in perfect competition
- 14. when a markets decisions have an effect on society, can be positive or negative
- 15. price X quantity
- 16. key economic concept and the result of limitless wants with limited resources
- 19. when one firms actions affect the decisions of another firm
- 20. the amount quantity changes as a result of a price change
Down
- 1. goods that demand increases as consumers income increases
- 3. upward sloping market curve in perfect competition
- 4. the study of individual markets and firms in an economy
- 6. when two firms agree to price in order to increase profit
- 7. economy with lots of government intervention
- 8. factors that shift the supply curve
- 11. the action of exchanging goods/services
- 12. factors that encourage individuals to act a certain way
- 17. factors that shift the demand curve
- 18. real costs paid such as rent or