Large barriers to entry exist in which of the following market structures?
A. Perfect competition only
B. Monopoly only
C. Perfect competition and monopolistic competition
D. Oligopoly and monopoly
Answer: D
Economics
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As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has
A) not changed. B) increased a lot. C) decreased. D) increased a little. E) changed but whether it has increased or decreased is ambiguous.
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What are the obstacles to achieving an efficient allocation of resources in the market economy?
What will be an ideal response?
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