Monopoly Crossword Puzzle

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