Which of the following would not bar entry into a market?
a. control by a single firm of an essential resource
b. the necessity of taking risks when starting a firm
c. patents
d. economies of scale
e. government regulations limiting the number of firms in an industry
B
Economics
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Pure economic rent is a payment to a resource that
A) has a high opportunity cost. B) has a perfectly inelastic supply. C) has a negative opportunity cost. D) has a perfectly elastic demand.
Economics
Inflation tends to:
A. Increase productivity B. Decrease input prices C. Increase the strength of the multiplier D. Reduce the strength of the multiplier
Economics