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
A
You might also like to view...
When Dr. Sandy Roos treats a welfare patient and is paid by the government, the money she receives is part of the ________ category(ies) of government spending
a. income support, Social Security, and welfare b. veterans' benefits c. agriculture and public assistance d. international aid e. educational
The sum of MPC and the MPS must equal 1 because
What will be an ideal response?
The median voter theorem will be an accurate predictor of the outcome of elections
A) when a majority of voters have preferences very similar to those of the median voter. B) when a majority of voters have preferences very different from those of the median voter. C) regardless of whether preferences among voters are similar to or different from those of the median voter. D) only when voter turnout is very low.
The above table shows Tammy's total utility from videos and CDs. If Tammy has $110 to spend on videos and CDs and if the price of a video is $10 and the price of a CD is $20, then the maximum utility Tammy can attain is
A) 1700. B) 300. C) 1580. D) 250.