Chapter 9 Monopoly—Around the World

Read the following articles and pages in order to answer the below questions.

"How a Soviet-Style Liquor System Survives in One of America's Richest Counties",Washingtonian
"Could a Lottery Be the Answer to America's Poor Savings Rate?", Freakonomics
"Everybody wants to rule the world", The Economist

Question

1. In the article “How a Soviet-Style Liquor System Survives in One of America’s Richest Counties,” what issue occurred for alcohol serving establishments in Montgomery County during the 2015 holidays?

A.
B.
C.
D.

Question

2. According to the article “How a Soviet-Style Liquor System Survives in One of America’s Richest Counties,” why did a monopoly on alcohol distribution exist in Montgomery County?

A.
B.
C.
D.

Question

3. According to article “Could a Lottery Be the Answer to America’s Poor Savings Rate?” what could be a solution to the negative effects of the lottery on low-income individuals?

A.
B.
C.
D.

Question

4. According to the article “Could a Lottery Be the Answer to America’s Poor Savings Rate?” why aren’t Prize-Linked Savings accounts more prevalent in the United States?

A.
B.
C.
D.

Question

5. According to the article “Everybody Wants to Rule the World,” what might be considered a barrier to entry that might protect Google from potential competitors?

A.
B.
C.
D.

Question

6. Which BEST describes the method by which the organizations became monopolists (or obtained monopoly power)?

A.
B.
C.
D.