Barriers to entry into oligopoly industries can be the result of patents, ownership of key resources, large start up costs, or pronounced economies of scale

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Most monetarists favor:

a. frequent changes in the growth rate of the money supply to avoid inflation. b. placing the Federal Reserve under the Treasury. c. a steady, gradual shrinkage of the money supply. d. a constant increase in the money supply year after year equal to the potential annual growth rate in real GDP.

Economics

Compared to our trade deficit with Japan from 2002-2009, our deficit with China was

A. much larger. B. slightly larger. C. slightly smaller. D. much smaller.

Economics