The U.S. Postal Service has a monopoly on non-urgent First Class Mail. Pfizer Inc. makes LIPITOR, a

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The U.S. Postal Service has a monopoly on non-urgent First Class Mail. Pfizer Inc. makes LIPITOR, a prescription drug that lowers cholesterol. Cox Communications is the sole provider of cable television service in some parts of San Diego. 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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Microeconomics

ISBN: 978-1292094632

12th edition

Authors: Michael Parkin

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