Question 1
The classic examples of natural monopolies over the years have been
◦ agriculture.
◦ auto manufacturers.
◦ public utilities.
◦ retail trade.
Question 2
Refer to the information provided in Table 13.1 below to answer the question(s) that follow.

Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2400th unit it sells?
◦ $1
◦ $3.50
◦ $3.75
◦ $400