Econ 102 UPDATED Test Questions and CORRECT Answers
Which of the following would be most likely to have monopoly powers?A municipal water company Which of the following is an example of a barrier to entry?Larry obtains a copyright for the new computer game that he invented. The defining characteristic of natural monopoly is?Economies of scale over the relevant range of output. Suppose a firm has a monopoly on the scale of a computer game and faces a downwardsloping demand curve. When selling the 36th game, the firm will always receive?Less marginal revenue on the 36th game than it received on the 35th game.
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