This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The United States Mint is the only legal entity to produce circulating coinage for the United ... (Read 81 times)

dmcintosh

  • Hero Member
  • *****
  • Posts: 517
on: Jun 29, 2018
The United States Mint is the only legal entity to produce circulating coinage for the United States. What are the barriers to entry, if any, that protect this firm from competition?
 
  A) The United States Mint is a natural monopoly.
  B) The United States Mint has a government license to produce coinage.
  C) The United States Mint is a public franchise to produce coinage.
  D) The United States Mint has a patent or copyright to produce coinage.

Question 2

What two important functions are performed by the price system?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

(1.) The price system is an automatic mechanism for distributing goods and services.
(2.) The price system determines the allocation of resources among producers and the final mix of outputs.


dmcintosh

  • Hero Member
  • *****
  • Posts: 517
Reply #2 on: Jun 29, 2018
Correct answers!


brittrenee

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Air masses interact to produce weather Air masses interact to produce weather
Major Agricultural Crops Produced in the United States, 2011 Major Agricultural Crops Produced in the United States, 2011
Decomposition of Productivity Gap Between India and the United States Decomposition of Productivity Gap Between India and the United States
Floral components. Anthers produce pollen and ovules produce eggs. Floral components. Anthers produce pollen and ovules produce eggs.
Video: Role of complement proteins

For a complete list of videos, visit our video library