The U.S. Postal Service has a monopoly over first-class mail delivery
a. because of economies of scale
b. because of its control of essential resources
c. because of its control over key patents
d. because of government-imposed barriers to entry
e. despite its very low fixed costs
D
Economics
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Which of the following describe the United States economy in 2008 and and the start of 2009?
A) Real GDP reached a peak. B) The economy was in a recession. C) The economy was in an expansion. D) Real GDP per person increased. E) None of the above answers is correct.
Economics
The first major law created to control the growth of monopoly power was the
A) Sherman Act. B) Clayton Act. C) FTC Act. D) Robinson-Patman Act.
Economics