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Econ Puzzle

Across
The government should not interfere with the economy
FC+VC=
business spending
goods that can be used in place of each other
benefit of a choice
One firm controls at least 50% of market sales
You want the utility per dollar spent on item A to be equal to the Utility per dollar spent on item B
Top 4 firms control 21% - 49% of market sales
collection of many stocks to identify trends in the market
The ability to use the factors of production more efficiently than another nation
Your average costs of production are decreasing or at their minimum (minimum efficient scale) Experiencing “increasing returns to scale”
Costs you must pay regardless of the level of production
Costs that change as the level of production changes. (costs of raw materials, extra laborers, etc.)
when a company changes the # of shares it has along with the value of each share
market is advancing, prices rising
show income distribution among various classes of a society. Population is divided into quintiles
payments made to shareholders based on a % of the company’s profits. Usually paid quarterly
Down
period of time in which a businesss can change all of their factors of production (there will be no fixed costs (FC) in the long run.)
Because of the kinked demand curve, firms tend to keep prices the same
A firm takes over a competitor
value of all new goods and services purchased by private citizens during a given year
Number of shares traded per day
Above the kink is
"The Wealth of Nation"
Top 4 firms control at least 50% of market sales
period of time in which the business can change some, but not all, if its factors of production. There will still be fixed costs (FC)