Accounting costs exclude implicit costs.
Indicate whether the statement is true or false
Question 2
The reason that the Fisherman's Friend restaurant in Stonington, Maine had a monopoly on selling seafood dinners in that town is most likely due to
A) no competitors apparently found the profit level attractive enough to enter the market.
B) the restaurant owned all the fresh seafood in the state.
C) a government-imposed barrier.
D) occupational licensing.