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Author Question: Which of the following is NOT a barrier to entry for a monopoly? A) economies of scale for the ... (Read 115 times)

appyboo

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on: Jun 29, 2018
Which of the following is NOT a barrier to entry for a monopoly?
 
  A) economies of scale for the relevant range of output
  B) a patent on the product being sold
  C) the ability to charge a price that is above marginal cost
  D) receiving a public franchise

Question 2

In the above figure, what is the efficient quantity of pretzels to produce each day?
 
  A) one hundred
  B) two hundred
  C) three hundred
  D) four hundred


brittiany.barnes

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

C

Answer to Question 2

C


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