BA540 Managerial Economics
Skousen, M. (2013). Economic Logic. Fourth Edition. Regnery Publishing
Problem 3 in the â€œProblems to Ponderâ€ section at the end of chapter 8 asks about monopoly power.
Consider the statement, â€œMonopoly power comes from market acceptance, not from a patent, a prettier product, a slick advertising campaign, or anything else. So rather than spend your time in court, you should be out there drumming up business.â€
Do you agree? Discuss your response to the questions in this problem.
Please respond to the initial question by day 5 and be sure to post two additional times to peers and/or instructor by day 7.The initial post by day 5 should be 75 to 150 words, but may go longer depending on the topic.If you use any source outside of your own thoughts, you should reference that source.Include solid grammar, punctuation, sentence structure, and spelling.
In your initial post, clearly present well-reasoned ideas and concepts.
Post to at least two additional students or the instructor reflecting on the other participants’ postings. You should actively participate in the discussion.
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