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Please help fill out the following crossword puzzle: Across Down 4. The minimum a firm needs to make to stay in 1. An example would
Please help fill out the following crossword puzzle:
Across Down 4. The minimum a firm needs to make to stay in 1. An example would the car market business 2. Sometimes compared to a game of chess, every 7. When at least one cost of the business is fixed move made by one firm impacts on another 9. Examples would be taxis or cafes in Paris 3. The same as price 10. Allocation efficiency is reached when price = ? 5. Also referred to as the unit costs of production 11. A theory created by John Nash 6. The % of the market controlled by the largest firms 13. Very competitive market but does it really exist? n the industry 15. Created when a monopoly restricts output to raise B. Monopolies erect these to prevent competition prices and create abnormal profit 12. A company making this will shut down in the long- 16. Consumers and producers are assumed to act run like this 14. Sometimes called super normal profit 17. Also achieved when a market is allocation 19. Total revenue - total cost efficient 18. An example might include NASA or national telecommunications companies :V 20, Just one in the market (theoretically) Exac . ".3 lar Stu np . do as 4 : lai nMarket power crossword: Unit 2.11 Complete the crossword using the clues provided 12 13 14 18 20Step by Step Solution
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