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Econ #8

Name ________________________
Date _________________
Period #_____
Across
The human element of the 4 factors of production is?
___ are markets with only one seller.
In a purely competitive market prices will always end up at?
___ is the quality of being different.
A market with many sellers and little to no barriers to entry are said have ___ competition.
In a purely competitive market there perfect ___ of the market.
Demand ___ + ability + willingness to pay.
QS=QD at?
Down
___ are those who manage, organize and take the risks.
___ is the quality of all being the same or all of the same kind.
____ consists of all natural resources.
In a purely competitive market there can be no ____?
Free __ into the market is a key aspect of pure competition.
Entrepreneurs are always looking for a way to ___ the human element.
Total revenue - total costs =?