High barriers to entry protect the market power of existing firms ...

[Yolanda]

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

[durant1234]

Answer to Question 1

C

Answer to Question 2

True

[Yolanda]

YES! Correct, THANKS for helping me on my review

[bblaney]

Thanks for the timely response, appreciate it