A natural monopoly is one that deliberately erects entry barriers

If a $1 sales tax is imposed on the sale of a CD, and neither the demand nor the supply is perfectly elastic or perfectly inelastic, then the price of a CD paid by consumers will

A) increase by $1 and fewer CDs will be bought. B) increase by less than $1 and fewer CDs will be bought. C) not change and the same number of CDs will be bought. D) increase by $1 and the same number of CDs will be bought. E) increase by more than $1 and fewer CDs will be bought.

Which of the following investments offers fixed dividend payments?

A) Consols B) Zero-coupon bonds C) Preferred stock D) Convertible stock