9 QUESTION 5Monopoly rights give inventors and entrepreneurs incentives to innovate and create new products and services.O TrueO FalseQUESTION 6The federal government is most likely to opposea. a merger between two firms in a three-firm industry.b. the purchase of one oligopolist by another in an industry with contestable markets.Oc.a merger between two firms in a perfectly competitive industry.Od. the purchase of a firm in danger of bankruptey by a successful firm.QUESTION 7Which of the following acts prohibited predatory pricing?O a. Robinson-Patman ActO b. Sherman ActO. Clayton ActO d. Tunney ActQUESTION 8When it is cheaper for one firm to produce a number of different commodities together than it is for a group of small fims to produce those commodities,exist(s).O a. economies of scopeO b. marginal cost pricingc. diminishing marginal returnsd. economies of scale

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QUESTION S Monopoly rights give inventors and entrepreneurs incentives to innovate and create new products and services. True False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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