Which of the following cannot be an effective entry barrier?
A) a firm making very high economic profits
B) a firm being granted a patent for its product
C) a firm owning all of a vital resource needed to produce a good
D) when huge economies of scale exist
A
Economics
You might also like to view...
If the cross-price elasticity of demand between beer and wine is 0.31, then beer and wine are
A) substitutes. B) complements. C) price-inelastic goods. D) necessities.
Economics
If a good causes a positive externality, regulation might take the form of a
A. subsidy. B. ban on the product. C. tax. D. price floor.
Economics