Question: Given the following information about demand for a local utility service, graph the demand and marginal revenue curve Price : $6 , $5 , $4

Given the following information about demand for a local utility service, graph the demand and marginal revenue curve

Price :

$6 , $5 , $4 , $3, $2

Quantity Demand :

20 , 50 , 90 , 150

Identify the barrier to entry that best matches the following news stories about monopolies: (a) In the News "US FTC Enables Boeing-Lockheed 'Monopoly.' "

(b) In the News "Drugmaker Hikes Price of AIDS Drug 5,000 Percent!"

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