I need help with vocabulary

AutoSave . .P 9 6 . 5 65 - Chapter 9 Vocabulary - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View Tell me Share Comments Comic San... 22 A Aa v AaBbCcDdE AaBbCcDC AaBbCcDdE AaBbCcDdi AaBbCcDdEt AaBb( Paste BIU ab A v . A v Emphasis Heading 1 Normal Strong Subtitle Title Styles Dictate Sensitivity Pane Chapter 9 Vocabulary Name: 1, Barriers to Entry 2. Deregulation 3. Predatory pricing 4. Marginal profit 5. Copyright 6. Allocation efficiency 7. Legal monopoly B. Monopoly 9. Natural Monopoly 0, Patent 11. Technological monopoly ( ) These keep new or competing firm from entering the industry. ( ) Microsoft Windows has one, and they are very important for drug companies as they develop and test new drugs. ( ) The elimination or reduction of government restrictions on the firms that could enter a market, the prices they could charge, and the quantities they could produce. ( ) Economies of scale can be realized if the output of an entire industry is produced by a single firm ( ) A method of dealing with competition where an existing firm will lower price to make it more difficult for new competition of become profitable, ( ) This is what you have when you own Boardwalk and Park Place, or are a single seller in a market. ( ) Marginal revenue - marginal cost. ( ) The US Postal System would be an example of this. ( ) This grants authors, film makers and musicians exclusive right to their works during their lifetime, ( ) An optimal level of production of goods and services where their marginal benefit equals their marginal cost to meet society's wants and needs. Page 1 of 1 224 words OF English (United States Focus E 92%