Question: I'm struggling in this question, please help me explain. Thank you so much! Describe the types of barriers that prevent entry into a monopoly market.

I'm struggling in this question, please help me explain. Thank you so much!

  1. Describe the types of barriers that prevent entry into a monopoly market.
  2. Fast-food stores often charge higher prices for their products in high-crime areas than they charge in low-crime areas. Is this an act of price discrimination? Why or why not?
  3. Explain why a monopolist wants to price discriminate.
  4. What is the difference between perfect and third-degree price discrimination?

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