Author Question: Customers are most likely buying from a natural monopoly when they purchase A) aspirin from a ... (Read 120 times)

sc00by25 · **on:** Jun 29, 2018

Customers are most likely buying from a natural monopoly when they purchase

A) aspirin from a generic drug company.
B) a laptop computer from Sony.
C) a glass of water from the local water company.
D) all of the above.

Question 2

In monopolistic competition, barriers to entry give the firms the power to set their price.

Indicate whether the statement is true or false