There are three main types of barriers of entry. They are: a. Monopoly of resources, legal, and economies of scale Ob. Monopoly of resources, economies of scope, and moral hazard Oc. Economies of scale, fixed costs, and variable costs d. Legal, paralegal, and fixed costs

If a monopoly firm is earning profits, how much would you expect these profits to be diminished by entry in the long run?

Please submit the answer and then watch the video feedback.Tony's Tree Service is the only firm in a town that removes large trees. Tony invested in costly bucket trucks and wood chippers when he began his business. Which of the following best describes the barrier to entry that allows Tony to keep his monopoly? a.monopoly resources b.government-created monopoly c.natural monopoly

Which one of the following is the best description of a monopolist? a.a firm that is the sole producer of a product for which there are no good substitutes in a market with high barriers to entry b.a firm that is the sole producer of a narrowly defined product class, such as yellow, grade-A butter produced in Wisconsin c.a firm that is large relative to its competitors d.a firm that produces a single product

топороту II. GRAPH Regular Monopoly Natural Monopoly Show Deadweight Loss On Show Economic Profit/Loss On ($) Price, Average/Marginal Cost གླུ ིི⪜ཞྲི་ཤཱ ཎྜ R R གླུ 225 200 175 150 125 100 SETTINGS ATC MC=AVC MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month) Reset PROFIT CALCULATIONS Market Price (P) $125.00 Cost Structure Low Cost High Cost Marginal Revenue (MR) $50.00 b C d с t 9 h 1 k Marginal Cost (MC) $55.00 Quantity 10 Quantity 60 Revenue $7,500.00 120 Costs $5,700.00 Profit $1,800.00 Instructions: Make sure the interactive is set to "Natural Monopoly" on the upper right side of the Graph section. When "Natural Monopoly" is selected, it will have a dark blue background. With the Cost Structure (in the settings section) set to "b" a. What is the profit maximizing quantity? units b. What is the maximum profit (minimum loss) that can be earned? $ c. What is the marginal revenue? $ d. What is the marginal cost? $ e. What is the profit maximizing / loss minimizing…

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Which of the following is not an artificial barrier to entry into a monopoly market?     Answers: A.  Patent   B.  Economies of scale   C.  Legal harassment   D.  Bundling products

In contrast to the Sherman Act, the Clayton Act of 1914 a. was more general, outlawing monopoly or attempting to acquire a monopolyb. identified specific practices that were illegalc. made interlocking directorates legal as long as they were reasonabled. invalidated the concept of "illegal per se"e. made cartels legal English Common law became the basis for American Common Law. What does the Common Law say about damages for parties injured by restraint of trade? a. They are not permittedb. Damages can be awarded in full to injured partiesc. Triple damages are awarded to injured partiesd. Only a fraction of damages will be awarded due to statutory restrictionse. The government could sue for damages on behalf of injured parties, and then give them damages net of taxes   Some capital equipment such as a moving assembly line only comes in one size. This usually tends to create a.  a significant diseconomy of scale at the plant level b. a significant diseconomy of scale at the firm level c.…

Give typing answer with explanation and conclusion The inefficiency (dead-weight loss) of a monopoly (as compared to perfect competition) indicates the amount by which Group of answer choices price exceeds marginal revenue at a particular output level. consumer welfare is increased by the monopolist. price exceeds marginal cost at a particular output level. marginal benefits exceed marginal cost for those units not produced by the monopolist but that would otherwise be produced in a competitive market. marginal costs exceed marginal benefits for those units not produced by the monopolist but that would otherwise be produced in a competitive market.

What are conditions conducive to a natural monopoly? Select one: a. Extensive economies of scale. b. Rapid diseconomies of scale c. Patents Od. Small market size