Aand b are considering living alone or being roommates and splitting the rent for the next twelve months. a one bedroom, one bath apartment is $500 per month while a two bedroom, one bath apartment is $800. the one difficulty they have is that b snores very loudly. a estimates the cost of poor sleep due to b’s snoring at $150 per month. b could obtain a snore-eliminating device for $50 per month. if they share the surplus equally, a’s share of th

"in the electricity industry, low average total costs are obtained only through large-scale production. in other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market. throughout much of the 20th century, many people viewed south africa’s de beers group as a monopoly because it controlled a large percentage of diamond production and sales. patents are granted to inventors of a product or process for a certain number of years. the reason for this is to encourage innovation in the economy. without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the devel opment costs."which of the following best explains the barriers to entry that exist in this scenario? increasing returns to scale legal barriers exclusive ownership of a necessary resource