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Author Question: Which of the following factors is not a barrier limiting the entry of potential competitors into a ... (Read 123 times)

karen

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on: Jun 30, 2018
Which of the following factors is not a barrier limiting the entry of potential competitors into a market?
 a. legally enforced patent rights
  b. an inelastic demand for a product
  c. licensing
  d. control over an essential resource

Question 2

A fall in marginal utility reflects:
 a. the water and diamond paradox.
  b. the law of supply.
  c. the principle of diminishing marginal utility.
  d. decreased consumption of a good.
  e. the fact that total utility must be declining.


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choc0chan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


karen

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Reply #2 on: Jun 30, 2018
Thank you


choc0chan

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Reply #3 on: Jun 30, 2018
No problemo


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