econ._ch_13

econ._ch_13 - product. 2.3- A desigination by the gov. that...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Ch. 14 Nancy Crawley 2.1- 1. Gov. blocks entry of more than one formation market, one firm has control of resources necessary to produce a good, and there are important network externalities supplying the good or service, and economies of scale are so large that one firm has a natural monopoly. 2.2- They grant them because they want the company to spend money on research of the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: product. 2.3- A desigination by the gov. that a firm is the only legal provider of a good or service. No. 2.4- The monopoly develops automatically in this market. 2.5- Yes, it’s a natural monopoly, because its one service serving an entire country. More businesses would open and prices would begin to rise....
View Full Document

This note was uploaded on 01/05/2012 for the course ECON 200 taught by Professor Dr.frank during the Spring '10 term at Wingate.

Ask a homework question - tutors are online