Author Question: Sam Edison obtains a patent on his new invention: trinoculars. In the long run, a. he can earn only ... (Read 112 times)

Metfan725 · **on:** Jun 30, 2018

Sam Edison obtains a patent on his new invention: trinoculars. In the long run,
a. he can earn only a normal profit
b. he may suffer an economic loss and stop producing
c. his monopoly power guarantees him a positive economic profit
d. he will achieve productive efficiency
e. he will achieve allocative efficiency

Question 2

Price discrimination that substantially lessens competition is prohibited by the Clayton Act.
a. True
b. False