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7. Fill in the blanks using the words from the bottom:

1. __________ is a force that influences the way we live, the incomes we earn, and our relationships with other countries

2. Government frequently grants _________ to a single firm to supply water, natural gas, electricity, telephone service, or bus transportation.

3. In return for this sole right to supply electricity, water, or bus service in a given geographic area, government reserve the right ________ to prevent abuses of the monopoly power it has granted.

4. The institution of private property can be used by a monopoly as a means of achieving an effective ____________ .

5. Because the higher profits attained by a monopoly will attract envious entrepreneurs, ___________ are needed to prohibit other firms from expanding market supplies.

a. obstacle to potential rivals

b. an exclusive franchise

c. to regulate the operations of such monopolies

d. market power

e. barriers to entry

9. Use the word given in capitals at the end of each line to form a word that fits in the space in the same line. There is an example at the beginning.

The first Spaghetti House restaurant opened in London in 1955. There’s now a chain of 14 restaurants in the London area. The chain has an (0) excellent regulation and has managed to develop a product range that appeals to all ages and all income groups. A few years ago they launched a range of (1) ____________________ pasta dishes which were desighed to go on sale in supermarkets, so that the most popular dishes are now (2) __________________ to the public all over Britain.

They have a nice slogan: “From our House to your Home” and a really nice (3) ________________ package with preparation (4) _____________ and so on. The Spaghetti House product is different from other products on the market in that it’s a complete ready-to-cook meal for one or two people, no extra sauces or cheese is required. The product is designed to be (5) ________________ and it’s ready to serve. The most popular (6) __________ are Lasagna and Cannelloni.

EXCELLENCE

PREPARE

AVAILABILITY

COLOUR

INSTRUCT

MICROWAVE

VARY

10. Some nouns are always followed by the same preposition(s). Match the prepositions with the nouns below. In some cases it may be possible to use two prepositions

with

for

of

on

into

in

a

the result …….. of

f

satisfaction ………

b

an enquiry ……..

g

a percentage ………

c

involvement ……..

h

a tax ………

d

an interest ………

i

research ………

e

support ………..

j

an effect ………..

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