Monopoly crossword

this is a market structure where one firm supplies all output in the market without facing competition because of high barriers to entry to the market
this is profit that is made over and above the normal profit
this can be known as organisational slack and this inefficiency arising because a firm or other productive organisation fails to minimise its average costs of production at a given level of output
where economies of scale are so large relative to market demand that the dominant producer in the industry will always enjoy lower costs of production than any other potential competitor
where resources are inefficiently allocated due to imperfections in the working of the market mechanism
the minimum level of profit needed to keep a firm using its resources in a market in the long term
exists when firms are able to control the price they charge for their product in a market
a firm that controls all the output in a market
- occurs when resources are allocated efficiently over time
occurs when scarce resources are used to produced a bundle of goods which satisfies consumer preferences and maximises their welfare
achieved when production is achieved at lowest average cost
occurs when the difference between total revenue and total cost is at its greatest
occurs when the volume of sales is greatest, when the objective of a firm, this is usually subject to profit satisficing constraint
occurs when total revenue is highest and when marginal revenue equals zero.