price maker - where a dominant business is able to set the price charged in the whole market, new entrant - company that starts to sell goods or services in a market where they have not sold them before,or one of these goods or services, monopoly - situation where there is one dominant seller in the market, natural monopolies - situation that occurs when one firm in an industry can serve the entire market at a lower cost than would be possible if the industry were composed of many smaller firms, artificial barriers to entry - may be used by a monopoly to restrict competition unfairly, competition policy - refers to measures governments use to control and behaviour of firms acting anti-competitively and against interest of consumers,

Monopoly

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