This topic contains a solution. Click here to go to the answer

Author Question: Which barrier to entry results in the creation of a natural monopoly? a. Legal barriers like ... (Read 113 times)

colton

  • Hero Member
  • *****
  • Posts: 627
Which barrier to entry results in the creation of a natural monopoly?
 a. Legal barriers like government franchises.
  b. Economies of scale.
  c. Ownership of a vital resource.
  d. Patents and copyrights.

Question 2

If the price of a good falls, the marginal utility per dollar spent on that good:
 a. also falls.
  b. stays the same.
  c. rises.
  d. will rise or fall, depending on the consumer.
  e. remains unchanged, provided the consumer buys no more of the good.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

c




colton

  • Member
  • Posts: 627
Reply 2 on: Jun 30, 2018
Wow, this really help


dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library