Pure competition has a ____________ number of producers.

The amount of one currency that can be traded for a unit of another currency is called the _____.

The law of supply states that as prices _____, the quantity _____.

The limited resources in demand in society are called the ___________ of production.

The plow was to the agricultural society as the ________ was to the industrial society.

The quantity of a product that will be produced and sold at a specific price is the __________.

In valuing a business, the methods that buyers and sellers can use include ________.

In the figure above, this product is price ___________ between point e and point f.

In the beginning, some entrepreneurs use ____________ as a source of financing.

In general, monopolistically competitive firms earn profits _____.

In a competitive equilibrium, firms earn ______ economic profits.