Econ 201 week 8 final - Study guides, Class notes & Summaries
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American Military University > ECON201: Final Exam – 98%
- Exam (elaborations) • 8 pages • 2021
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ECON201: Final Exam – 98% 
Overall Grade (highest attempt): 157.5 / 160 - 98.44 % 
 
 
Question 1	5/5 
One defining characteristic of pure monopoly is that: The monopolist is a price taker 
 The monopolist uses advertising 
 
 
 
 There is relatively easy entry into the industry, but exit is difficult 
 
Question 2	5/5 
Which is a barrier to entry? 
 
 Close substitutes 
 
 Diseconomies of scale 
 
 
 
 ...
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