Which of the following is not a barrier to entry that is created by government?
A) Economies of scale.
B) Licenses.
C) Regulatory restrictions.
D) Patents.
A
Economics
You might also like to view...
Which of the following will cause an increase in consumer surplus?
a. an increase in the production cost of the good b. a technological improvement in the production of the good c. a decrease in the number of sellers of the good d. the imposition of a binding price floor in the market
Economics
If new legislation allowed patients to sue their health-maintenance organization (HMO), we would expect the supply curve for HMO-provided health care to shift to the right and the price of such coverage to fall
Indicate whether the statement is true or false
Economics