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Author Question: High barriers to entry protect the market power of existing firms and discourage the formation of ... (Read 85 times)

Yolanda

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High barriers to entry protect the market power of existing firms and discourage the formation of firms which:
 a. invest heavily in research and development activities.
  b. use illegal procedures to capture the market.
  c. are inefficiently small and cannot realize economies of scale.
  d. are large enough to dominate the existing firms.

Question 2

A monopolist's supply curve cannot be derived directly from its marginal cost curve as in the case of a competitive firm.
 a. True
  b. False
  Indicate whether the statement is true or false



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durant1234

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Answer to Question 1

C

Answer to Question 2

True




Yolanda

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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