Barriers that prevent the entry of new firms may arise because: ...

[mikaylakyoung]

Barriers that prevent the entry of new firms may arise because:
 a. economies of scale exist over a substantial range of industry demand.
  b. marginal revenue is less than average total cost.
 c. the government protects some firms from competition.
 d. of both (a) and (c).

Question 2

The export supply curve is the portion of the domestic supply curve below the no-trade equilibrium price.
 a. True
  b. False
  Indicate whether the statement is true or false

[mohan]

Answer to Question 1

d

Answer to Question 2

False