Problem 1. Discuss the major barriers to entry into a industry. Explain ow each barrier can foster monopoly or oligopoly.
Problem 2. What effect would a rule stating that university student must live in University dormitories have on the price elasticity of demand for dormitory space? What impact might this in turn ave onroom rates?
Format your paper consistent with APA guidelines. Be sure to properly cite your references. If you used an electronic source, include the URL. If you used a printed source, attach a copy of the data to your paper.