Answer to Question #183420 in Microeconomics for James

Question

QUESTION 30

The end of the telephone monopoly brought:

1. A wave of innovation aimed at attracting and pleasing customers.
2. Lower prices.
3. A greater quantity of services.
4. All of the above.
5. The end of the world.

QUESTION 31

Monopoly sellers often see:

1. Overly grateful consumers.
2. Threats to their superior marketplace position.
3. No threats to their superior marketplace position.
4. Only economic losses.
5. The error in their ways.

Answer 1

30.A wave of innovation aimed at attracting and pleasing customers.

31.Threats to their superior marketplace position.