A Firm’s profitability depends much on its ----------------- of production.

Generally, ----------------- are the primary measure of the success of any business.

The guiding principle of business economics is not -----------------but avoiding loss.

The law of demand states that there is an ------------- relationship between price and quantity demanded

A ------------------ along the demand curve is caused by a change in the price of the good only.

Assuming that bread and jam are complements. If the price of jam increase, the equilibrium quantity for bread will--------------

The demand for dvd players does not change when a change in _______ occurs.

The _____________ firm's demand curve is the same as the market demand for the product.

Raw materials are an example of a firm's ____ costs.

Data collected at the same, or approximately the same, point in time are _____ data.

The term ______ refers to the economic situation in which a few firms dominate an industry.