Which of the following cannot be an effective entry barrier? ...

[Starlight]

Which of the following cannot be an effective entry barrier?
 
  A) a firm making very high economic profits
  B) a firm being granted a patent for its product
  C) a firm owning all of a vital resource needed to produce a good
  D) when huge economies of scale exist

Question 2

In the above figure, what is the efficient quantity of hot dogs to produce?
 
  A) 2 thousand per day
  B) 4 thousand per day
  C) 6 thousand per day
  D) The efficient quantity cannot be determined without knowing the PPF for this economy.

[Sierray]

Answer to Question 1

A

Answer to Question 2

B

[Starlight]

Thanks for the timely response, appreciate it

[cassie_ragen]

Gracias!