« previous next »

Author Question: A natural monopoly is likely to arise when: a. the government restricts entry through licensing. b. ... (Read 60 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
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

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and This chart illustrates the bottom up assumption about government. In this, attitudes, culture, and
Natural defenses against stomach acid. Natural defenses against stomach acid.
La Niña: The impact of natural cycles La Niña: The impact of natural cycles
Natural Resource Prices, 1850–2010 Natural Resource Prices, 1850–2010
The consequences of the intensity of natural selection on allele frequency. The consequences of the intensity of natural selection on allele frequency.
Video: Nervous pathway to the Neuromuscular (NMJ)

For a complete list of videos, visit our video library