buc.populiweb.com Populi Login BA 240-2: Week 10 Cha.. Populi - Bethesda Univer... i Fixed Cost: What It Is an.. Home My Profile My Courses Directory Week 11 Chapter 9 Quiz 1) _ refers to the legal, technological, or market forces that may discourage or prevent potential competitors from entering a market 1 Point O barriers to entry O deregulation O legal monopoly O allocation efficiency N _ is a government rule that gives the inventor the exclusive legal right to make, use, or sell the invention for a limited time. 1 Point O trade secrets O trademark O patent O intellectual property 3) Some economists regard a _as an extreme opposite to perfect competition. 1 Point O oligarchy O capitalism O monarchy O monopoly 4) _. is obtained by producing the optimal quantity of some output; the quantity where the marginal benefit to society of one more unit just equals the marginal cost.b [ v . Fix Populi Login BA 240-2: Week 10 Cha... Populi - Bethesda Univer... O control of a physical resource O legal restrictions on competition patent, trademark and copyright protection All of these are correct. 9) For a monopolist, total revenue is relatively_ at low quantities of output, because it is not se much 1 Point low high same zero 10) The marginal revenue for a monopolist from selling additional units will 1 Point increase decline stay at zero None of these answers are correct. Click the button below to submit your test. You will not be able to change your answers after Submit Test Terms of Service . Acceptable Use PolicyK buc.populiweb Populi Login BA 240-2: Week 10 Cha.. Populi - Bethesda Univer... i Fixed Cost: What I 7) _ is the body of law including patents, trademarks, copyrights, and trade secret law that protect the right of inventors to produce and sell their inventions 1 Point O barriers to entry O intellectual property O legal monopoly O patent 8) Barriers to entry prevent or discourage competitors from entering the market. These barriers include 1 Point O economies of scale that lead to natural monopoly O control of a physical resource legal restrictions on competition O patent, trademark and copyright protection All of these are correct. 9) For a monopolist, total revenue is relatively at low quantities of output, because it is not selling much. 1 Point Olow Ohigh same .zero 10) The marginal revenue for a monopolist from selling additional units will 1 Point> buc.populiweb.com Populi Login BA 240-2: Week 10 Cha. Populi - Bethesda Univer. Fixed Cost: What It Is an. 4) _ is obtained by producing the optimal quantity of some output; the quantity where the marginal benefit to society of one more unit just equals the marginal cost. 1 Point O allocation efficiency O barriers to entry O deregulation O marginal profit in occurs when an existing firm uses sharp but temporary price cuts to discourage new competition 1 Point O predatory pricing O trademark O marginal profit O deregulation 6) a_relates to economic conditions in the industry, for example, economies of scale or control of a critical resource, that limit effective competition 1 Point legal monopoly O forced monopoly Ocompromised monopoly natural monopoly