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Author Question: Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the ... (Read 84 times)

Frost2351

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on: Apr 19, 2019

Question 1

The barrier to entry which requires electricians to be licensed is an example of


◦ government rules.
◦ economies of scale.
◦ patents.
◦ ownership of a scarce factor of production.

Question 2

Ownership of a scarce factor of production is the barrier to entry which primarily accounts for the monopoly of


◦ utility companies.
◦ state lotteries
◦ social sites like Facebook.
◦ the DeBeers' diamond syndicate.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Frost2351 on Apr 19, 2019

Chelseyj.hasty

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Frost2351

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Reply #2 on: Apr 19, 2019
Thanks


Chelseyj.hasty

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Reply #3 on: Apr 19, 2019
Welcome :)


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