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Author Question: A natural monopoly is likely to arise when: a. the government restricts entry through licensing. b. ... (Read 97 times)

brutforce

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on: Jun 30, 2018
A natural monopoly is likely to arise when:
 a. the government restricts entry through licensing.
 b. patents provide protection of intellectual property.
 c. economies of scale exist over the relevant range of demand.
  d. a firm controls a crucial input to production.

Question 2

According to economists, which of the following acts was partially responsible for the Great Depression of the 1930s?
 a. The Robinson-Patman Act
  b. The National Recovery Act
  c. The Smoot-Hawley Tariff Act
  d. The Sarbanes-Oxley Act
  e. The Sherman Antitrust Act


robbielu01

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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