Across
- 2. Profits that exceed normal profits.
- 6. A point at which the level of profits or benefits gained is less than the amount of money or energy invested.
- 7. When shareholders are happy and the firm is breaking even.
- 8. An example is a patent.
- 10. The name given to firms with very large shares of the market.
- 11. The increase in revenue from selling one extra unit of output.
- 14. The process of business expansion by increased output, customer base expansion, or new product development.
- 15. When one firm buys out another firm.
Down
- 1. When a firm merges with another company in a completely separate industry.
- 3. When MR=MC
- 4. Refers to how efficiently labour or capital factors are producing a certain level of output.
- 5. Costs that vary with the level of output.
- 9. As a result of their larger size a firm experiences lower average costs.
- 12. When a company splits into multiple smaller firms
- 13. Quantity sold x price sold at.