Monopoly

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Across
  1. 5. : __________ barriers - government s often provide barriers creating monopolies
  2. 7. Monopoly : A monopoly that exists in a limited geographic area
  3. 8. : Single supplier of a product
  4. 10. Maker : The monopoly decides the price of the good or product being sold
  5. 12. Monopoly : A monopoly that arises from economies of scale
  6. 13. : __________ barriers - entry is prevented by a custom or tradition
Down
  1. 1. : An attempt to a firm to dominate a market or become a monopoly
  2. 2. : __________ barriers - size of the market can support only one firm
  3. 3. Monopoly : A monopoly firm whose behavior is overseen by a government entity
  4. 4. Seller : One seller produces all the output for a good or service
  5. 6. : __________ barriers - the firm has a unique ability to produce what other firms cannot duplicate
  6. 9. Power : Market power; the power to set prices
  7. 11. Maximizer : A monopoly maximizes profits