Q7 Natural barriers to entry into an industry include... a. Control or ownership of the entire supply of an essential raw material. b. A government-awarded franchise. c. Large economies of scale in the industry. d. A patent which allows production by only the patent holder. e. Increasing-cost production.
Q7 Natural barriers to entry into an industry include... a. Control or ownership of the entire supply of an essential raw material. b. A government-awarded franchise. c. Large economies of scale in the industry. d. A patent which allows production by only the patent holder. e. Increasing-cost production.
Microeconomics A Contemporary Intro
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ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter9: Monopoly
Section: Chapter Questions
Problem 1QFR
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Q7
Natural barriers to entry into an industry include...
a.
Control or ownership of the entire supply of an essential raw material.
b.
A government-awarded franchise.
c.
Large economies of scale in the industry.
d.
A patent which allows production by only the patent holder.
e.
Increasing-cost production.
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