Microeconomics

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Across
  1. 4. Where people who are willing to purchase a good/service
  2. 6. Proprietorship A business owned and run by one person
  3. 7. One dominant firm
  4. 8. The ability and willingness to purchase a good/service
  5. 9. Use the FOP to create good and services to sell to households
  6. 10. Many small firms, identical products
  7. 12. Floor The government sets a minimum price for a good/service to protect producers
Down
  1. 1. Provide FOP to firms and receive income
  2. 2. ceiling The government sets a maximum price for a good or service to make them more affordable
  3. 3. A few large firms, high barriers to entry
  4. 4. Many firms, differentiated products
  5. 5. A business that is a separate legal entity owned by shareholders
  6. 11. A business owned and run by two or more people