Monopoly Crossword Puzzle
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QUESTIONS LIST:
- natural : _ barriers - the firm has a unique ability to produce what other firms cannot duplicate
- single seller : one seller produces all the output for a good or service
- sociological : _ barriers - entry is prevented by a custom or tradition
- monopoly : single supplier of a product
- local monopoly : a monopoly that exists in a limited geographic area
- natural monopoly : a monopoly that arises from economies of scale
- monopoly power : market power; the power to set prices
- government : _ barriers - government s often provide barriers creating monopolies
- regulated monopoly : a monopoly firm whose behavior is overseen by a government entity
- profit maximizer : a monopoly maximizes profits
- technological : _ barriers - size of the market can support only one firm
- price maker : the monopoly decides the price of the good or product being sold
- monopolization : an attempt to a firm to dominate a market or become a monopoly
