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Author Question: Which of the following is most necessary for a monopolist to survive in the long run? A) a legal ... (Read 165 times)

asan beg

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on: Jul 1, 2018
Which of the following is most necessary for a monopolist to survive in the long run?
 
  A) a legal protection from entry
  B) a perfect product
  C) a brilliant Chief Operating Officer
  D) an excellent marketing campaign

Question 2

A special license is required to operate a taxi in many cities. The number of licenses is restricted. More drivers want licenses than are issued. This describes a non-perfectly competitive market because
 
  A) taxi services are very different.
  B) firms cannot freely enter and exit the market.
  C) transaction costs are high.
  D) the government generates revenue from the licenses.
Microeconomics ¦ Perloff ¦ 8th Edition
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asdfghjkl;

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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asan beg

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Reply #2 on: Jul 1, 2018
Thank you


asdfghjkl;

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Reply #3 on: Jul 1, 2018
No problemo


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