Competition & Monopolies

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Across
  1. 3. This type of monopoly allows a person to have control over their invention
  2. 6. This type of competition has the lowest level of competition
  3. 8. This protects art, literature, and music
  4. 10. The # of years a standard copyright lasts
  5. 11. The # of basic market structures
  6. 12. Perfect competition must meet this # of conditions
  7. 14. This occurs when competing firms agree to raise prices
  8. 15. In this type of monopoly, the govt. grants the rights to the company to provide something
  9. 16. These suppliers have no control over certain conditions such as crop disease and natural disaster
  10. 18. This protects ownership of an invention
  11. 19. The # of types of monopolies
Down
  1. 1. This business is an example of a geographic monopoly in Bradford
  2. 2. The # of years a standard patent lasts
  3. 4. This type of monopoly occurs in a isolated, rural setting
  4. 5. The postal service is this type of monopoly
  5. 6. This occurs when a single seller controls the supply
  6. 7. This type of competition has the highest level of competition
  7. 9. This is key to finding and accessing the lowest prices of a product
  8. 13. In this monopoly, it is dominated by several suppliers
  9. 17. In this type of monopoly, the seller can raise prices without fear of losing business