Question
Source: https://scholar.harvard.edu/barro/files/02_1209_monopoly_bw.pdf ( The Best Little Monopoly in America) 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
Source: https://scholar.harvard.edu/barro/files/02_1209_monopoly_bw.pdf ( The Best Little Monopoly in America)
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.
Group of answer choices
OPEC
NCAA
Microsoft
U.S. Postal Service
2/ What type of monopoly is the U.S. Postal Service?
Group of answer choices
Unregulated monopoly.
Oligopoly.
Natural monopoly.
Cartel.
3/ What are the innovations that bring competition to the U.S. Postal Service?
Group of answer choices
All answers are correct.
Fax machine.
FedEx Corp.
Internet and email.
4/ What type of market structure is OPEC?
Group of answer choices
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.
Group of answer choices
True
False
6/ The International Longshore & Warehouse Union raised salaries for its members.
Group of answer choices
True
False
7/ The author implies that the NCAA treated student athletes:
Group of answer choices
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?
Group of answer choices
$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?
Group of answer choices
Ten straight years.
No losses.
Five straight years.
Eleven straight years.
10/ What were the reasons for the financial losses?
Group of answer choices
Pension and healthcare costs.
Declining mail volume.
All answers are correct.
Competition.
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