A market structure in which only one firm survives because of ...

[c0205847]

A market structure in which only one firm survives because of economies of scale:
 a. is called a structural monopoly.
 b. is called a patented monopoly.
 c. is called a natural monopoly.
 d. is called a government monopoly.

Question 2

One important unintended consequence of the Smoot-Hawley Tariff Act was to:
 a. lessen the severity of the Great Depression by increasing exports.
  b. provide the federal government with an effective tool for exercising monetary policy.
  c. decrease the efficiency of domestic automobile production.
  d. cause other countries to retaliate and thus leading to a decline in exports.
  e. increase the U.S. government budget deficit by 15 million.

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Answer to Question 1

c

Answer to Question 2

d

[c0205847]

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