Which of the following is not a legal barrier to entry in a monopolized market?
a. A patent.
b. An exclusive franchise.
c. Decreasing average cost.
d. An exclusive license.
c
Economics
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Depository institutions do all the following EXCEPT
A) minimize the cost of obtaining funds. B) create liquidity. C) pool risks. D) create required reserve ratios.
Economics
New Keynesian inflation dynamics can account for sluggish responses of
A) real GDP to variations in aggregate supply. B) real GDP to variations in aggregate demand. C) inflation to variations in aggregate supply. D) inflation to variations in aggregate demand.
Economics