Exercise 10 Solution
Chapter 14 Monopoly and Antitrust Policy
14.1 Is Any Firm Ever Really a Monopoly?
1) To enter a local cable television market, a firm needs a license from the city
government. This is an example of
A) a government-imposed barrier.
Answers to Homework #4
Due Thursday, June 13, 2013
Directions: The homework will be collected in a box before the lecture. Please place your name, TA
name and section number on top of the homework (legibly). Make sure you write y
Identify the choice that best completes the statement or answers the question.
(2 points) Although
there are barriers to entry in a monopolized industry, there are usually many close