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Author Question: To have a monopoly in an industry there must be A) a public franchise, making the monopoly the ... (Read 129 times)

a0266361136

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on: Jun 29, 2018
To have a monopoly in an industry there must be
 
  A) a public franchise, making the monopoly the exclusive legal provider of a good or service.
  B) an inelastic demand for the industry's product.
  C) barriers to entry so high that no other firms can enter the industry.
  D) a patent or copyright giving the firm exclusive rights to sell a product for 20 years.

Question 2

The De Beers Company blocked competition
 
  A) by controlling the supply of most of the world's high-quality bauxite, the mineral used to produce aluminum.
  B) in the diamond market by controlling the output of most of the world's diamond mines.
  C) in the market for fresh and frozen cranberries because it controls about 80 percent of the cranberry crop.
  D) because it has lower production costs than other department stores due to economies of scale.
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wilsonbho

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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a0266361136

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

frankwu0507

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

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