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Monopoly

Across
A monopoly that exists in a limited geographic area
One seller produces all the output for a good or service
Single supplier of a product
Size of the market can support only one firm
Government s often provide barriers creating monopolies
A monopoly maximizes profits
A monopoly that arises from economies of scale
Down
The firm has a unique ability to produce what other firms cannot duplicate
An attempt to a firm to dominate a market or become a monopoly
The monopoly decides the price of the good or product being sold
Entry is prevented by a custom or tradition
Market power; the power to set prices
A monopoly firm whose behavior is overseen by a government entity