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

Economics

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