[Answered] Customers are most likely buying from a natural monopoly when they purchase A) aspirin from a ...

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sc00by25

Hero Member
Posts: 596

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

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Marked as best answer by a Subject Expert

rleezy04

Sr. Member
Posts: 322

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

FALSE

sc00by25

Member
Posts: 596

Reply 2 on: Jun 29, 2018

Wow, this really help

ricroger

Member
Posts: 352

Reply 3 on: Yesterday

Gracias!

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