Which of the following could not create barriers to entry?
a. Negative network externalities
b. Ownership of essential inputs
c. Economies of scale
d. All of the above could create barriers to entry
a
You might also like to view...
If the supply of hotel rooms falls and all other relevant factors remain unchanged, then,
a. the demand for hotel rooms will fall. b. the quantity demanded of hotel rooms will fall. c. the demand for hotel rooms will rise. d. the quantity demanded of hotel rooms will rise.
In a Bertrand model with differentiated products
A) firms can set price above marginal cost. B) firms set price at marginal cost. C) price is independent of marginal cost. D) firms set price independently of one another.
Which of the following is not an example of a public good that the government has made excludable?
A. State colleges. B. Toll roads. C. City buses. D. Fire Protection.
The condition for profit-maximization for competitive firms and monopolies is the same: marginal revenue equals marginal cost. Hence, monopolies are efficient.
Answer the following statement true (T) or false (F)