Author Question: Which barrier to entry results in the creation of a natural monopoly? a. Legal barriers like ... (Read 109 times)

colton · **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.