A barrier to entry prevents ________ a monopolistic industry.

[Melani1276]

Question 1

Relative to a profit-maximizing competitively organized industry that is producing 6,000 units of output at a price of $7 per unit, firms acting collusively under the same circumstances would produce ________ units of output and charge a price of ________ per unit.

◦ 6,000; $7
◦ more than 6,000; more than $7
◦ less than 6,000; less than $7
◦ less than 6,000; more than $7

Question 2

A barrier to entry prevents ________ a monopolistic industry.

◦ new firms from entering and competing in
◦ economic losses in
◦ government regulation of
◦ firms from exiting

[ecox1012]

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[Melani1276]

Thanks for the timely response, appreciate it

[peter]

TYSM