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