What is the difference between holding a monopoly and monopolization? Which is illegal? Explain
What will be an ideal response?
Monopolization involves having a monopoly plus showing a willful acquisition or maintenance of the power that goes beyond growth that results from superior product, business acumen, or historical accident. Monopolization is illegal while holding a monopoly is not. Not all monopolies can be stopped. For example, a small rural town may have only one gas station, giving the gas station some monopoly power. But, if the town is too small to support a second station, nothing can be done about the monopoly. Further, patents provide legal monopolies.
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If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is
A) a downward-sloping curve that is bowed outward. B) a downward-sloping curve that is bowed inward. C) a downward-sloping straight line. D) an upward-sloping straight line.
If the model 
? satisfies the first four Gauss-Markov assumptions, then v has:
A. ?a zero mean and is correlated with only x1. B. ?a zero mean and is correlated with x1 and x2. C. ?a zero mean and is correlated with only x2. D. a ?zero mean and is uncorrelated with x1 and x2.
If there is an unrest in Europe that threatens the economic stability of Turkey, the
A. supply of the Turkish currency will fall. B. demand for the Turkish currency will fall. C. demand for the Turkish currency will rise. D. supply of the Turkish currency will rise.
Each year Apple Computers produces a new line of IPods with greater storage capacity and more features. Sales continue to soar even though the prices each year rise as well
Is this a refutation of the law of demand or is there something else going on here that doesn't meet the eye?