The bottled water industry has experienced ________ than the carbonated beverage industry.

People employed by a seller or an auctioneer to make bids on behalf of the seller are called _____.

Excess capacity is the amount by which the _____ exceeds the quantity that the firm produces.

For a purely competitive firm _______________; and for a uniform-price monopolist _______________ :

When doing research, economists _______

When a business is calculating its operating costs, it must include _____.

Those who combine labor, and capital to produce services are called

Entrepreneurial ability is an ability to develop new products or _____existing products and/or production processes.

When an economy gets the most out of its scarce resources is called______.

The economy’s ability to produce more goods and services is economic _____.

Economic goods are goods that are desirable but ____ in supply.