Which of the following is a legal entry barrier established by government?

a. Patents.
b. Copyrights.
c. Government franchises.
d. All of the above.


D

Economics

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A private cost is a cost of production that is borne by the

A) consumer of the good. B) producer of the good. C) government. D) consumer of the good and the government.

Economics

The Laffer curve is a graph of the relationship between tax rates and:

a. real GDP. b. total tax revenues. c. government spending. d. inflation.

Economics

An increase in personal saving as a percentage of disposable income contributes to capital deepening

Indicate whether the statement is true or false

Economics

If supply falls, what happens to equilibrium price and quantity?

What will be an ideal response?

Economics