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Author Question: There are several types of barriers to entry that can create a monopoly. Which of the following ... (Read 254 times)

deesands

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on: Jun 29, 2018
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.
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ankilker

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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