Activity aimed at creating artificial barriers to entry into a particular market
A) is rent seeking.
B) has no social cost.
C) improves competition.
D) improves the economy's efficiency.
A
Economics
You might also like to view...
How was South Korea able to become one of the East Asian Economic Miracles?
What will be an ideal response?
Economics
Which of the following is true for the monopolist?
a. Marginal revenue is less than the price charged. b. Economic profit is possible in the long-run. c. Profit maximizing or loss minimizing occurs when marginal revenue equals marginal cost. d. All of the above. e. None of the above.
Economics