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Use the information below to answer the following questions.
Fact 12.1.1
The following statements give some information about seven markets.
1.Coca-Cola cuts its price below that of Pepsi-Cola in an attempt to increase its market share.
2.A single firm,protected by a barrier to entry,produces a personal service that has no close substitutes.
3.A barrier to entry exists,but the good has some close substitutes.
4.A firm offers discounts to students and seniors.
5.A firm can sell any quantity it chooses at the going price.
6.The government issues Nike an exclusive licence to produce golf balls.
7.A firm experiences economies of scale even when it produces the quantity that meets the entire market demand.
-Refer to Fact 12.1.1.The firm described in statement ________ is a natural monopoly.The firm described in statement ________ is a legal monopoly.
Midsagittal
Anatomical term that refers to the plane that runs lengthwise down the midline of the body, dividing it into equal left and right halves.
Sagittal
Relating to or denoting an anatomical plane that divides the body into right and left parts.
Superior
Anatomical term meaning above or closer to the head; also called cranial.
Anatomical Direction
Refers to the terms used to describe the locations and orientations of structures in the body relative to other structures or locations.
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Q43: Consider the natural monopoly depicted in Figure
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