Across
- 2. when a few firms dominate an industry
- 5. providing additional funds to support a market
- 11. the natural state of the world when there is unlimited wants
- 15. someone who benefits without contributing expenditures in a market
- 16. what is foregone by engaging in an economic activity, commonly the NEXT best alternative (2)
- 17. when businesses compete for customers
- 18. schedule of amount offered for sale at various prices
- 19. Revenue in excess of expenses
- 21. The ability of a firm to prevent certain consumers from benefitting from a good
- 24. additional expenses occurred (2words)
- 26. how we expect the average consumer to behave
- 28. a stimulus to spur an action
- 29. the additional output from adding another input [labor](2)
- 30. to measurement that tracks consumer demand (3)
- 32. best outcome
- 33. showing consumers intended purchases at various prices
Down
- 1. what an inefficient market creates (3words)
- 3. strategic decision making process (2)
- 4. additional benefit to market participants in excess of obtaining the good or service (2)
- 6. when a market produces too much of a good
- 7. an alternative [good]
- 8. expenses that do not change as output increases (2)
- 9. To charge different prices to different types of consumers (2)
- 10. a time period NOT long enough to change ALL inputs (2)
- 12. when a market cannot provide enough of a good
- 13. all incoming income (2)
- 14. one firm operating in a market
- 20. where buyers and sellers come together to interact (2)
- 22. a collusive group of firms
- 23. how responsive a market is to a change [typically in price]
- 25. a metric showing how a few dominate an industry
- 27. how government attempts to influence outcomes (2)
- 31. a period of time where ALL inputs are variable(2)