An oligopolistic market may be difficult to enter because of government regulation or the expense of nonprice competition.
Answer the following statement true (T) or false (F)
True
Barriers to entry include patents, nonprice competition, control of distribution outlets, and government regulation.
Economics
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Markets clear
a. in the short run b. when a depression occurs c. when a recession occurs d. roughly every ninety days e. eventually
Economics
What role does freedom play in capitalism? How important is it to the operation of a competitive market economy?
Please provide the best answer for the statement.
Economics