Which of the following are barriers to entry?
A) economies of scale
B) patents and copyrights
C) control of resources
D) all of the above
Answer: D
Economics
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The situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction is known as adverse selection
Indicate whether the statement is true or false
Economics
If a city government enacts a maximum price on rent,
A) quantity supplied will decrease. B) quantity demanded will increase. C) allocational problems develop. D) All of the above.
Economics