1.
Competition ___________ economic life.
2.
All result from _________ processes.
3.
The baker has on ___________ a stock of bread.
4.
Consumers are willing to____ for the baker’s product.
5.
The baker wants to get the highest _______ possible.
6.
The baker sets a price that will “_______ the market.”
7.
That price is ___________ by the willingness of
customers to compete for his product.
8.
The customers want to pay as little as ___________.
9.
The firm wants to get as much __________ as it can.
10.
The market – clearing price _______ the lowest price
that buyers must pay.
