Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the monopoly of
A. social sites like Facebook.
B. state lotteries.
C. utility companies.
D. the DeBeers' diamond syndicate.
Answer: D
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Roxie's Movie Theatre is the only one in town. The table above gives the demand schedule for movies
If Roxie's is a single-price monopoly and the marginal cost of a movie is $6, Roxie's will charge ________ a movie and will sell ________ movie tickets a week. A) $15; 100 B) $12; 200 C) $6; 400 D) $9; 300
If the dollar value of a country's exports is greater than the value of its imports,
What will be an ideal response?
Skeeter's Skeeball Castle has seen its business slow down ever since Kerrie's Off-Key Karaoke opened up next door. Since the opening of Kerrie's Off-Key Karaoke, the opportunity cost of playing skeeball at Skeeter's has
A) decreased. B) increased. C) fallen to zero. D) not changed.
What type of relationship does expected profitability have with respect to Investment spending?
A. Negative B. Positive C. Indirect D. Constant