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

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

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

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

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

Keynes argued for ______________ government spending in a recession to increase ad (shift right).

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

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

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

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

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