Monopoly

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Across
  1. 3. ability of a firm to set prices
  2. 6. happens when a firm charges a different price to different groups of consumers for an identical good or service, for reasons not associated with costs of supply
  3. 7. obstacles that make it difficult for a firm to enter a monopoly market
  4. 9. or particular industries
  5. 10. granted by governments for particular
Down
  1. 1. producer who has enough market power to influence prices
  2. 2. ...of resources (indicated by P > MC at the profit maximising level of output)
  3. 4. a type of monopoly that exists typically due to the high start-up costs or powerful economies of scale
  4. 5. when the monopolist produces at higher than minimum average total cost
  5. 8. A market structure characterized by a single seller, selling a unique product in the market
  6. 9. rights given by the government to a firm that has developed a new product or invention to be its sole producer