Which of the following is not a reason why government officials are willing to impose entry barriers?
A) to increase economic efficiency
B) to raise revenue
C) to promote an equitable distribution of income
D) to encourage innovation which may improve the standard of living in the long run
C
Economics
You might also like to view...
In order to increase sales the firm can
a. Increase the reference price for the product b. Decrease prices c. Differentiate their product d. All of the above
Economics
The long-run average total cost curve of a firm is flat in the middle because the firm operates at constant returns to scale at those points
a. True b. False Indicate whether the statement is true or false
Economics