Which of the following would earn a monopoly profit due to a "natural scarcity" rather than a "contrived scarcity"?
A) Major League Baseball
B) A firm that develops an anti-gravity machine
C) A "fountain of youth" tonic that comes exclusively from the water of a spring in Florida
D) A camera company obtains a patent that it is able to maintain for over 40 years
Correct Answer:
Verified
Q91: Statement I: Rents are high because prices
Q92: Which of the following is false?
A)The supply
Q93: Q94: Which of the following did NOT describe Q95: Who said that the economic profit in Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()