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Author Question: Which of the following statements about a monopoly is FALSE? A) Monopolies have no barriers to ... (Read 19 times)

tichca

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on: Jun 29, 2018
Which of the following statements about a monopoly is FALSE?
 
  A) Monopolies have no barriers to entry or exit.
  B) The good produced by a monopoly has no close substitutes.
  C) A monopoly is the only producer of the good.
  D) None of the above; that is, all of the above answers are true statements about a monopoly.

Question 2

In developing countries, there is more reliance on ________ as opposed to ________ for government revenue.
 
  A) tariffs; tax collection
  B) quotas; tariffs
  C) tax collection; tariffs
  D) tariffs; quotas


janieazgirl

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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