monopolies

  1. M

    Why can baseball teams claim to be natural monopolies?

    A. they have small efficient size B. their fixed costs are high and their marginal costs are low C. their fixed costs are low and their marginal costs are high D. they have no good substitutes I'm studying for economic of sports final and I don't understand this concept. Any help and...
  2. J

    When did monopolies become illegal?

    Did the government pass an actual law saying that monopolies were illegal. If so, when?
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