Monopoly

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Across
  1. 4. type of barrier to entry when sunk costs are too high for more than one firm (2)
  2. 5. when Price is equal to MC (2)
  3. 7. ____ explain why a firm can be a monopoly (3)
  4. 8. market with only one firm
Down
  1. 1. when AC equals MC (2)
  2. 2. type of profit realized by a monopolist
  3. 3. R&D (3)
  4. 6. attachment of the customers to a product (2)