Economics Extra Credit Part 2 Crossword

Change in TC
Costs you must pay regardless of the level of production.
Your average costs of production are increasing. Experiencing decreasing returns to scale
we get less and less satisfaction or usefulness for each additional item of a product that we have
maximum price set below Ep
over 100 firms
1 large seller that dominates the market
12-99 Firms
3-11 firms
2 firms run the market
4 firms control 1%-20%
4 firms control 21%-49%
4 firms have at least 50% of market sales
1 firm holds at least 50% of market sales
Firms control the factors of production needed to make a product from start to finish
A firm takes over a competitor.
P=MC
Q=Minimum ATC
If a firm makes a profit, is it long run or short run?
when people are entering and exiting a firm
when nobody is entering or leaving the firm
True or False: Money is a factor of Production
what elasticity? Buying gas, milk, medicine