Monopoly profits cannot persist in the long run, because there ...

[kamilo84]

Monopoly profits cannot persist in the long run, because there are barriers to entry.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The fact that the United States exports Budweiser beer and imports Heineken beer can be explained by:
 a. the differences in labor productivity in the U.S. and other countries.
  b. the differences in factor endowments in the U.S. and its trading partners.
  c. the fact that the world price of Budweiser beer is lower than Heineken beer.
  d. the fact that production of Budweiser beer in the U.S. is inadequate compared to its demand.
  e. the preference for foreign brands of beer by a part of the U.S. population.

[Amiracle]

Answer to Question 1

False

Answer to Question 2

e