Discussion questions

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Answer each questions with a min. word count of 150 words each question.

Watch the “Natural Monopoly” video.

Consider the following as you watch:

1.When Alexander Graham Bell’s patents expired, smaller phone companies sprang-up offering lower prices.

2. Bell would not allow independents to use his long distance network. What was the government action?

3. What did you find intriguing about this video?

1. What market structure best characterizes the market in which University of Phoenix competes?

2. How does University of Phoenix differentiate its product from that of its competitors?

3. Has University of Phoenix erected nonprice barriers to entry in this market?

Market Structure, Production, Competition and Pricing (Two questions below pertains to these)

1.Describe how you will apply that learning in your daily life, including your work life.

2.Describe what may be unclear to you, and what you would like to learn.


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