All monopolies exist because of a. firms' desire to maximize ...

[lb_gilbert]

All monopolies exist because of
 a. firms' desire to maximize profits.
  b. failure of antitrust laws.
  c. barriers to entry.
  d. natural selection.

Question 2

Which might be a possible reason a cable television operator want to bundle channels together in packages (tiers)?
 a. delivering many channels to the consumer is not much more costly than delivering a few.
  b. simplifies the consumer's choice and perhaps lowers administrative costs.
  c. allows the firm to extract revenue from a consumer even if it does not know exactly which channels the consumer likes the most..
  d. all of the above.

[reelove4eva]

Answer to Question 1

c

Answer to Question 2

d