A barrier to entry prevents ________ a monopolistic industry.
A. new firms from entering and competing in
B. government regulation of
C. economic losses in
D. firms from exiting
Answer: A
Economics
You might also like to view...
A construction company builds roads with machinery (capital, K) and labor (L)
If we plot the isoquants for the production function so that labor is on the horizontal axis, then a point on the isoquant with a small MRTS (in absolute value) is associated with high ________ use and low ________ use. A) labor, capital B) capital, labor C) concrete, gravel D) none of the above
Economics
Which measures the changes in the prices of a "market basket" of some 300 goods and services purchased by typical urban consumers?
A. The Retail Trade survey. B. The Consumer Price Index. C. The Survey of Manufactures. D. The GDP price index.
Economics