Monopolies - key terms

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Across
  1. 2. A public good that is an example of a natural monopoly.
  2. 3. This type of monopoly is created in an industry where there are high fixed costs.
  3. 4. Where a single buyer dominates the market.
  4. 6. The type of profit that a monopolist firm generates ( where a firm's total sales revenue exceed the total costs of production).
  5. 9. Monopoly firms add this to their products to stand out amongst other sellers.
Down
  1. 1. In the UK a firm is said to have monopoly power if it has more than --% of the market share.
  2. 4. A pure -------- is a market with only one firm in it, the firm has 100% market share.
  3. 5. This search engine has monopoly power.
  4. 7. Firms with monopoly power are price ------.
  5. 8. The barriers to entry in a market where a monopoly exists are ----.
  6. 10. An example of a monopsony in the UK.