Answer & Explanation:BA540 Managerial Economics
Skousen, M. (2013). Economic Logic. Fourth Edition.
Regnery Publishing
ISBN 9781621572220
Monopoloy
Problem 3 in the “Problems to Ponder” section at the end of
chapter 8 asks about monopoly power.
Consider the statement, “Monopoly power comes from market
acceptance, not from a patent, a prettier product, a slick advertising
campaign, or anything else. So rather than spend your time in court, you
should be out there drumming up business.”
Do you agree? Discuss your response to the questions in
this problem.
Please respond to the initial question by day 5
and be sure to post two additional times to peers and/or instructor by day 7.The initial post by day 5 should be 75 to 150 words, but may go
longer depending on the topic.If you use any source
outside of your own thoughts, you should reference that source.Include solid grammar, punctuation, sentence structure, and
spelling.
Grading Criteria
Maximum Points
In
your initial post, clearly present well-reasoned ideas and concepts.
25
Post
to at least two additional students or the instructor reflecting on the other
participants’ postings. You should actively participate in the discussion.
10
Total
35
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