Source: https://scholar.harvard.edu/barro/files/02_1209_monopoly_bw.pdf

https://www.pbs.org/newshour/nation/u-s-postal-service-marks-11-straight-years-of-financial-loss

1/ Name some of the best monopolies mentioned by the author Robert Barro in the article.

OPEC

NCAA

Microsoft

U.S. Postal Service

2/ What type of monopoly is the U.S. Postal Service?

Unregulated monopoly.

Oligopoly.

Natural monopoly.

Cartel.

3/ What are the innovations that bring competition to the U.S. Postal Service?

All answers are correct.

Fax machine.

FedEx Corp.

Internet and email.

4/ What type of market structure is OPEC?

Oligopoly - contestable market.

Monopoly.

Perfect competition.

Oligopoly - cartel.

5/ According to the author, Microsoft was dominant in operating systems software because it provided value to consumers.

True

False

6/ The International Longshore & Warehouse Union raised salaries for its members.

True

False

7/ The author implies that the NCAA treated student athletes:

well depending on the sports they play.

very well

fairly.

like slaves.

8/ How much did the U.S. Postal Service lose money in fiscal years 2017 and 2016?

$2.7 billion and $5.6 billion.

$5.6 billion and $5.6 billion.

$5.6 billion and $2.7 billion.

$2.7 billion and $2.7 billion.

9/ How many years had the U.S. Postal Service lost money?

Ten straight years.

No losses.

Five straight years.

Eleven straight years.

10/ What were the reasons for the financial losses?

Pension and healthcare costs.

Declining mail volume.

All answers are correct.

Competition.