What are the principal conditions that allow monopolies to exist? a. licenses b. barriers to entry c. technologies d. price discrimination

Give an example of a situation in which an individual's pursuit of economic self-interest may not benefit but instead harm the rest of society

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:

Which of the following policies is an example of a command-and-control policy? a. subsidies to education b. maximum levels of pollution that factories may emit c. tradable pollution permits d. none of the above is an example of a command-and-control policy.