There are several types of barriers to entry that can create a ...

[deesands]

There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
 
  A) public franchise B) control of a key resource
  C) economies of scale D) network externalities

Question 2

Refer to Figure 13-8. Based on the diagram, one can conclude that
 
  A) some existing firms will exit the market. B) the industry is in long-run equilibrium.
  C) new firms will enter the market. D) firms achieve productive efficiency.

[ankilker]

Answer to Question 1

A

Answer to Question 2

C