T. Gargour & Fils is the exclusive and sole agent of Mercedes-Benz in Lebanon. Indian Railways is

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T. Gargour & Fils is the exclusive and sole agent of Mercedes-Benz in Lebanon. Indian Railways is a government monopoly of rail transportation in India. Canada Post maintains a monopoly on letters weighing less than 500 grams, which is the volume of most mail. Are any of these firms protected by a barrier to entry? Do any of these firms produce a good or service that has a substitute?

Might any of them be able to profit from price discrimination? Explain your answers.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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