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Author Question: Which barrier to entry results in the creation of a natural monopoly? a. Legal barriers like ... (Read 102 times)

colton

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on: Jun 30, 2018
Which barrier to entry results in the creation of a natural monopoly?
 a. Legal barriers like government franchises.
  b. Economies of scale.
  c. Ownership of a vital resource.
  d. Patents and copyrights.

Question 2

If the price of a good falls, the marginal utility per dollar spent on that good:
 a. also falls.
  b. stays the same.
  c. rises.
  d. will rise or fall, depending on the consumer.
  e. remains unchanged, provided the consumer buys no more of the good.


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softEldritch

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


colton

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

okolip

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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