GOP Document1 O ome Insert Draw Design Layout References Mailings Review View Tell me Share Comn Calibri (Bo... v 12 A A Aa Ap Paste Av DV A v Styles Styles Dictate Sensitivity Editor Pane 2. Discuss the major barriers to entry into an industry. Explain how each barrier can foster either monopoly or oligopoly. Which barriers, if any, do you feel give rise to monopoly that is socially justifiable? 8. U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different nations, depending on elasticity of demand and government-imposed price ceilings. Explain why these companies, for profit reasons, oppose laws allowing reimportation of their drugs back into the United States. 9. Why have firms such as Google, Facebook, and Amazon gained monopoly power in search, social media, and online retail, respectively, despite potential competitors having virtually unrestricted access to the Internet? What economic concepts explain their ability to monopolize these markets? 10. Under what law and on what basis did the federal district court find Microsoft guilty of violating the Sherman Act? What was the initial district court's remedy? How did Microsoft fare with its appeal to the court of appeals? What was the final negotiated remedy? + Focus Es E 100% 164 words English (United States)