How do scarce resources create barriers to entry?

Question Maxin Suppose a monopolist could charge a different price to every customer based on how much he or she were willing and able to pay (versus charging the same price to all their customers). How would this affect the monopolist's profits? Why? Description Answer eacho Use the editor to format your answer 10 Roints

1. Patents A. are a form of trade secret. B. create monopoly power. C. always increase total welfare. D. reduce deadweight loss. 2. An example of an essential facility is A. U.S. Route 66. B. your local pizza parlor. C. the telephone line into your house. D. the Golden Gate Bridge.