This topic contains a solution. Click here to go to the answer

Author Question: Which barrier to entry results in the creation of a natural monopoly? a. Legal barriers like ... (Read 108 times)

colton

  • Hero Member
  • *****
  • Posts: 627
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

b

Answer to Question 2

c




colton

  • Member
  • Posts: 627
Reply 2 on: Jun 30, 2018
Wow, this really help


AngeliqueG

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Gracias!

 

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

For a complete list of videos, visit our video library