The video rental market can be described as a monopolistically ...

[Pineapplelove6]

The video rental market can be described as a monopolistically competitive market. As a result of the economic profit earned by the first video rental outlets,
 a. existing firms were able to successfully lobby the government for patent protection
  b. competitors were attracted to the industry, and their entry reduced economic profit
  c. demand dried up
  d. Blockbuster saw an opportunity to take over the industry
  e. competitors were discouraged from entering the industry

Question 2

Special-interest legislation usually
 a. has widespread benefits and costs
  b. has concentrated benefits and costs
  c. has concentrated benefits but widespread costs
  d. concerns the provision of public goods
  e. concerns the provision of private goods

[JaynaD87]

Answer to Question 1

B

Answer to Question 2

C