Author Question: Which of the following is not potentially a barrier to entry into a product market? a. patent ... (Read 46 times)

ashley · **on:** Jun 30, 2018

Which of the following is not potentially a barrier to entry into a product market?
a. patent protection on the design of the product
b. the absence of economies of scale in the product market
c. government licensing of the product's producers
d. the control of a crucial input necessary to produce the product

Question 2

A sudden appreciation in the exchange rate of a country deteriorates the terms of trade of the country.
a. True
b. False
Indicate whether the statement is true or false