Economies of scale, control over a scarce input, and patents are all examples of barriers to entry

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

True

Economics

You might also like to view...

Distinguish between a voluntary export restraint and a quota

What will be an ideal response?

View
Economics

Explain the relationship between opportunity costs and money costs. Can they be treated as identical?

What will be an ideal response?

View
Economics