Modern statistical methods have created a new branch of economics called

Most public goods produced by government are nonexcludable because the costs of exclusion are too high

a. True b. False

Which of the following could be threatening to an existing monopoly structure?

a. impossible-to-overcome barriers to entry b. the depletion of alternative resources that could be used to produce the good that is being produced by the monopolist c. the extension of years enforcing a patent right d. mergers e. technological innovation that makes the old techniques of producing a good obsolete