There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
A) public franchise B) control of a key resource
C) economies of scale D) network externalities
A
Economics
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Corrective taxes cause deadweight losses, reducing economic efficiency
a. True b. False Indicate whether the statement is true or false
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If the demand for computer software rises as incomes rise, then computer software is a (an)
A) inferior good B) substitute (good) for computers C) normal good D) complement (good) for computers E) c and d
Economics