Which of the following can create monopolies? a. Economies of scale b. Scarce resources c. Agressive business tactics d. Government intervention

Why and how do governments regulate natural monopolies? Examine the strengths and weaknesses of different types of regulation. In the light of your analysis what recommendations would you make for government policy?

Critics of the National Collegiate Athletic Association (NCAA) argue that the NCAA monopolizes college athletics and prevents student athletes from earning money while in college. If this is true, what type of entry barrier does the NCAA have? Select one: a. a copyright b. economies of scale c. a patent d. control of a scarce resource or input

Unions try to create what market structure? a. Monopolistic competition in the market for an output. b. Perfect competition in the market for an output. c. An oligopoly in the sale of labor. d. A monopoly in the market for labor

The size of a firm is more important than market share in determining market power for an industry or product. A. True B. False

Why do oligopolies​ exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c. economic profit d. intense competition

Local gas stations in cities are an example of:   A. monopoly firms   B. monopolistic components   C. oligopoly firms   D. perfectly competitive   E. monopolistic competition

What is the difference between government granted monopolies and free market monopolies? Which one is more cost efficient and why?

Is the market efficient or not? Why? 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:

Graph and discuss a comparison of the short-run and long-run profits, price, quantity, MR and MC of a Monopoly and a PC firm. Which type of firm is more efficient and why?