Difference between revisions of "Economics Homework Nine Answers - Student Fifteen"
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(Created page with 'IsaacZ `1. i would say the balls used for sports industry because no one cares who makes the football they just care that it is a football. 2. 3. 1.Monopolistic Competition 2....') |
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Revision as of 18:34, November 12, 2009
IsaacZ
`1. i would say the balls used for sports industry because no one cares who makes the football they just care that it is a football.
2.
3. 1.Monopolistic Competition 2.Oligopoly 3. monopoly
4.Economies of scale, patents and copyrights, Control of a valuable resource, and licensing of professionals creates a barrier to entry to others who might enter the field.
5. The law of demand.