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Author Question: Which of the following prevents potential competitors from entering a monopolist's market? a. legal ... (Read 73 times)

tatyanajohnson

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  • Posts: 569
on: Jun 30, 2018
Which of the following prevents potential competitors from entering a monopolist's market?
 a. legal restrictions
  b. diseconomies of scale
  c. product differentiation
  d. stable market demand
  e. rising marginal cost

Question 2

Adverse selection is more likely when
 a. a job requires specific training
  b. a job requires intangible or unmeasurable abilities
  c. the wage offered is above the average of all wages in the market
  d. the wage is based on true marginal revenue products
  e. performance can be monitored closely


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dmurph1496

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

A

Answer to Question 2

B


tatyanajohnson

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  • Posts: 569
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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