Schedule 1. Demand 2. Supply 3. Quantity 4. Output 5.

Price

Marginal 1. Cost 2. Benefit 3. Utilities 4. Productivity 5. Additional

Perfect Competition 1. Many 2. Buyers 3. Sellers 4. Identical 5. Goods

Elasticity 1. Percentage 2. Change 3. Response 4. Sensitivity 5. Income

Monopoly 1. One 2. Barriers 3. Key 4. Resources 5. Regulation

Production Possibilities 1. Straight 2. Bow 3. Allocate 4. Efficiency 5. Frontier

Taxes 1. Deadweight Loss 2. Quantity 3. Elasticity 4. Government 5. Inefficient

Deadweight Loss 1. Tax 2. Inefficiency 3. Triangle 4. Transactions 5. Subsidy

Monopolistic Competition 1. Similar 2. Maximizer 3. Substitutable 4. Market 5. Power

Circular Flow 1. Firm 2. Household 3. Resources 4. Cycle 5. Factor

Oligopoly 1. Strategic 2. Interdependence 3. Moral 4. Hazard 5. Dominant

Total Cost 1. Fixed 2. Variable 3. Average 4. Revenue 5. Production

Total Revenue 1. Cost 2. Price 3. Quantity 4. Elasticity 5. Test

Long Run ATC 1. Economies 2. Diseconomies 3. Scale 4. Variable 5. Inputs

Variable Cost 1. Labor 2. Total 3. Average 4. Fixed 5. Changing

Profits 1. Revenue 2. Cost 3. Economic 4. Accounting 5. Normal

Fixed Cost 1. Sunk 2. Independent 3. Change 4. Quantity 5. Short

Loss 1. Income 2. Economic 3. Financial 4. Value 5. Commercial

Shut Down 1. Total 2. Variable 3. Cost 4. Short 5. Run

Price Discriminating Monopoly 1. Deadweight 2. Efficient 3. Substitute 4. Heterogenous 5. Elasticity

Equilibrium 1. Price 2. Quantity 3. Marginal 4. Cost 5. Benefit

Labor Market 1. Derived 2. Demand 3. Monopsony 4. Factor 5. Wage

Regulated Monopoly 1. Antitrust 2. Government 3. Natural 4. Price 5. Returns

Derived Demand 1. Labor 2. Market 3. Factor 4. Perfect 5. Competition

Monopsony 1. Labor 2. Market 3. Hire 4. Factor 5. Monopoly

Price Ceiling 1. Floor 2. Opposite 3. Shortage 4. Government 5. Taxes

Positive Externality 1. Spillover 2. Benefits 3. Social 4. Optimal 5. Subsidy

Price Floor 1. Ceiling 2. Opposite 3. Surplus 4. Government 5. Unemployment

Negative Externality 1. Spillover 2. Cost 3. Social 4. Optimal 5. Tax

Advertising 1. Market 2. Consumer 3. Costs 4. Producer 5. Profit

Antitrust 1. Monopoly 2. Cooperate 3. Government 4. Multiple 5. Laws

Income Elasticity 1. Purchasing 2. Power 3. Sensitivity 4. Demand 5. Good

Demand Elasticity 1. Quantity 2. Percent 3. Change 4. Consumption 5. Goods

Scarcity 1. Society 2. Produce 3. Resources 4. Wants 5. Unlimited

Cross-Price Elasticity 1. Sensitivity 2. Demand 3. Change 4. Percent 5. Substitute