Microeconomics Terms

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Across
  1. 2. market structure with one firm
  2. 6. when no firm is better off changing their decision
  3. 9. the point where supply equals demand
  4. 13. market structure with a few firms
  5. 14. related goods where one is bought instead of the other
  6. 15. tax system that decreases income inequality
  7. 18. cost or benefit invoked to a third party due to economic actions
  8. 20. someone who gets the benefit of something without paying for it
Down
  1. 1. two goods that are bought together
  2. 3. when firms work together to reduce competition
  3. 4. when quantity supplied is greater than quantity demanded
  4. 5. how quantity demanded changes in response to price changes
  5. 7. money paid by the government for doing something
  6. 8. coefficient that is used to measure income inequality
  7. 10. when quantity demanded is greater than quantity supplied
  8. 11. when cost is greater than revenue
  9. 12. how much of a good producers make available to buy
  10. 16. price times quantity sold
  11. 17. how much of a good is bought by consumers
  12. 19. tax on imports