Across |
6. | What type of output does a monopolistic competitor have in comparison to a perfect competitor? |
7. | This occurs when a seller charges two or more prices for the same good or service. |
10. | People will choose one product over another, even though they’re the same, because of the buyer’s “this”. |
12. | In the long run, if firms are losing money, they will usually do this. |
13. | This is a typical type of monopolistic competitor that sells pharmaceuticals. |
14. | Who determines if the production is differentiated or identical? |
15. | Monopolistic competitors use “this” to differentiate their product from that of a competitor. |
16. | “This” trend takes product differentiation one step further to make a product totally unique. |
17. | What type of demand curve does a monopolistic competitor have in the short run? |
19. | “This” type of taste determines what we are willing to pay for a product. |
21. | How much economic profit does a firm make under monopolistic competition? |
22. | Most countries have more or less product selection than the United States? |
24. | In monopolistic competition the firm will break-‘this’ in the long run. |
25. | The perfect competitor is more “this” than the monopolistic competitor. |
26. | Advertising usually does “this” to a product’s sales. |
27. | A firm that practices price discrimination must be able to distinguish between two groups of “these”. |
29. | Perfect competitors cannot provide you a sense of “this”. |
30. | A Toyota Camry and a Corvette are differentiated “these”. |
31. | Products can differentiate through “this” property. |
33. | Before services like Medicare, Medicaid, and private health insurance existed, these people usually practiced price discrimination? |
35. | What type of price does a monopolistic competitor charge in comparison to a perfect competitor? |
36. | True or False: Product differentiation is the only thing that keeps us from having perfect competition. |
37. | What is more efficient, the monopolistic competitor or the perfect competitor? |
38. | What kind of information does a monopolistic competitor operate with? |