Economics Review

6. that exists as a result of the high fixed costs or startup costs of operating a business in a specific industry
8. Benefits an extra benefit supplementing an employee's salary, for example, a company car, subsidized meals, health insurance, etc
9. corporation is the sole provider of a particular good or service and competition is prohibited by law
11. the state of being responsible for something, especially by law
14. the action or process of differentiating
16. agreement with legal force, in particular
17. a raw material that can be bought and sold
18. state of limited competition, in which a market is shared by a small number of producers or sellers
19. valuable thing, person, or quality
20. capital raised by a business

1. government authority or license conferring a right or title for a set period
2. association of high prices
3. the simplest business form under which one can operate a business
4. the exclusive possession or control of the supply or trade
5. limit commercial use of land in order to prevent oil, manufacturing or other types of businesses from building in residential neighborhoods
7. the maintaining of prices
10. a sum of money paid regularly
12. sum of money paid to a patentee for the use of a patent or to an author or composer for each copy of a book sold or for each public performance of a work
13. uthorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities
15. secret or illegal