There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
A) network externalities
B) public franchise
C) economies of scale
D) control of a key resource
Answer: B
Economics
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Classical economists think that the government ________ use fiscal policy to dampen the business cycle because prices and wages adjust ________
A) should not; rapidly B) should not; slowly C) should; slowly D) should; rapidly
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The exchange of goods and services directly without money is called:
a. creative destruction. b. barter. c. arbitration. d. currency trade. e. illegal trade.
Economics