Author Question: Which of the following prevents potential competitors from entering a monopolist's market? a. legal ... (Read 45 times)

tatyanajohnson · **on:** Jun 30, 2018

Which of the following prevents potential competitors from entering a monopolist's market?
a. legal restrictions
b. diseconomies of scale
c. product differentiation
d. stable market demand
e. rising marginal cost

Question 2

Adverse selection is more likely when
a. a job requires specific training
b. a job requires intangible or unmeasurable abilities
c. the wage offered is above the average of all wages in the market
d. the wage is based on true marginal revenue products
e. performance can be monitored closely