Author Question: People in the city of Maurus have a flatter demand curve for television sets than people in the city ... (Read 109 times)

moongchi · **on:** Jun 30, 2018

People in the city of Maurus have a flatter demand curve for television sets than people in the city of Sienna. It can be concluded that a producer of television sets can price discriminate by charging a higher price in Maurus than in Sienna.
Indicate whether the statement is true or false

Question 2

In which of the following situations, is a barrier to entry into a monopoly least likely to exist?
a. A large firm enjoys economies of scale.
b. The tariffs on foreign goods are eliminated by the government.
c. A company is the sole inventor of what it produces and no one else can make a good substitute.
d. Government restrictions such as license requirements are enacted.
e. A company is the only owner of an essential resource needed to produce its product.