Question 17 1 1 point the use of sharp temporary

Question 17 1 / 1 point
The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers
to discourage new competition from smaller electric car manufacturers.
Page 7 of 11
Quiz Submissions - Homework #4 - ECON 203 6382 Principles of Microeconomics (216...
9/13/2016 ...

a) oligopolistic competition
b) natural monopoly
c) predatory pricing
d) monopolistic competition
Question 18 1 / 1 point
The US government has registered ___________________ on behalf of business firms to protect a particularly
distinct element each has selected for its ability to aid consumers to easily __________________ .
Page 8 of 11
Quiz Submissions - Homework #4 - ECON 203 6382 Principles of Microeconomics (216...
Chapter 9 monopoly industry
Question 19 1 / 1 point
A natural monopoly occurs when the quantity demanded is ________ the minimum quantity it takes to be at
the bottom of the long-run average cost curve.
Chapter 9 patents
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Question 20 1 / 1 point
Copyright protection legislation provides protection for original works
Page 9 of 11
Quiz Submissions - Homework #4 - ECON 203 6382 Principles of Microeconomics (216...
Question 21 1 / 1 point
When J.K. Rowling exerts copyright ownership of her literary works, she creates a monopoly by restricting
a)
demand for the product.
b) entry into the market.
c) the number of inventors.
d) unit production costs.
Chapter 9 about the graphs
Question 22 1 / 1 point
The slope of the demand curve for a monopoly firm is

downward sloping
Chapter 9 monopoly curves