Consider the following industries: Chocolate bars Copper wire Outboard motors Coal Local
Question:
• Chocolate bars
• Copper wire
• Outboard motors
• Coal
• Local newspaper
a. Which of these industries would it be most profit-able to monopolize, and why?
b. Does your answer to part (a) depend on several factors or just one or two?
c. As a consumer, which of these industries would you least like to have monopolized by someone else?
d. If your answers to parts (a) and (c) are different, explain why.
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Related Book For
Microeconomics
ISBN: 978-0321866349
14th canadian Edition
Authors: Christopher T.S. Ragan, Richard G Lipsey
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