CHAPTER 9

3
A
4 5
O
6

7
K
8 9

N
10 11
E
12 13
U
14
O
15
F
16
T
17
D
18
I
F

19
T

20
Z

Across: Down:

2. What model is relevant
for decision making when
make output decisions.
5. Refers to a situation
where there are only few
large firms in an
industry..
7. A cost that is forever lost
after it has been paid
11. A type of oligopoly when
firm differ with respect to
when they made
:
16. A function that 1. They are the who will get all the 9. It is an existing firms
defines the incumbent’s customers by in the market where
profit- charging the lower price, have no market power
maximizing level knowing that the incumbents over consumers.
of output for a cannot quickly respond to the 10. An oligopoly market
firm for a given lowering of their price. composed of two
output level of 3. what view is desirable in firms
another item Bertrand oligopoly.
12. What curve use in
17. Who chooses an 4. A market in which all firms have Cournot oligopoly to
output before all access to same technology and summarize the profits
other firms
there are no sunk costs. of a firm .
choose their
outputs in 6. A ______war when the price of 13. What is the demand
 decisions .
14. It is an act of firm
whenever the market is
dominated by only few
firm can benefit at the
expense of consumer by
agreeing to restrict output
. 19. A type of
:
stackelberg each firm charged equaled when there is a price
oligopoly . marginal cause change and the rivals
18. What is the 8. A situation in which neither firm did not match
demand when has an incentive to change its 15. They take as given
there is a price output given the other firm’s the output of the
change and the output in Cournot Oligopoly leader and choose
rivals did match. outputs that maximize
profits given the
oligopoly that in leader’s output in
undesirable it stackelberg oligopoly.
leads to zero
economic profit
even they are
only two firms in
the market.
20. What model is
probably the best
tool to use in
formulating your
pricing decisions.
© 2022 PuzzleFast.com, Noncommercial Use Only
 CHAPTER 9
1
E
2
C O U R N O T
T
R
3
A C
4 5
N C O L I G O P O L Y
6
T O P N
7
S U N K R S
8 9
E T I I U
Q E N C M
10 11
U D S T A C K E L B E R G
12 13
I I U T U R E
14
C O L L U S I O N A M L
15
I O P B B F A
16
B P O L R E A C T I O N S
17
R R L E A D E R N L T
18
I O Y T I N E L A S T I C
U F O C
M I W
19
T B E R T R A N D
R
20
S W E E Z Y

Across: Down:

2. What model is relevant 16. A function that 1. They are the who will get all the 9. It is an existing firms
for decision making when defines the incumbent’s customers by in the market where
make output decisions. profit- charging the lower price, have no market power
5. Refers to a situation maximizing level knowing that the incumbents over consumers.
where there are only few of output for a cannot quickly respond to the 10. An oligopoly market
large firms in an firm for a given lowering of their price. composed of two
industry.. output level of 3. what view is desirable in firms
another item Bertrand oligopoly.
7. A cost that is forever lost 12. What curve use in
after it has been paid 17. Who chooses an 4. A market in which all firms have Cournot oligopoly to
output before all access to same technology and summarize the profits
11. A type of oligopoly when other firms
firm differ with respect to there are no sunk costs. of a firm .
choose their
when they made outputs in 6. A ______war when the price of 13. What is the demand
:
 decisions .
14. It is an act of firm
whenever the market is
dominated by only few
firm can benefit at the
expense of consumer by
agreeing to restrict output
. 19. A type of
:
stackelberg each firm charged equaled when there is a price
oligopoly . marginal cause change and the rivals
18. What is the 8. A situation in which neither firm did not match
demand when has an incentive to change its 15. They take as given
there is a price output given the other firm’s the output of the
change and the output in Cournot Oligopoly leader and choose
rivals did match. outputs that maximize
profits given the
oligopoly that in leader’s output in
undesirable it stackelberg oligopoly.
leads to zero
economic profit
even they are
only two firms in
the market.
20. What model is
probably the best
tool to use in
formulating your
pricing decisions.
© 2022 PuzzleFast.com, Noncommercial Use Only