Barriers to entry do not occur when:

a. economies of scale in production exist in an industry.
b. firms requires a professional license or franchise agreement.
c. the firm that introduces a product is granted a patent.
d. a firm controls a scarce resource.
e. diseconomies of scale in production exist in an industry.


e

Economics

You might also like to view...

What is the relationship between price, marginal revenue, and total revenue for a monopolist?

What will be an ideal response?

Economics

Assume the firms firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the kinked demand curve model this would:

A) cause a large change in the profit-maximizing level of output. B) leave the equilibrium price unchanged. C) cause the profit-maximizing level of output to change by the same amount and in the same direction. D) cause the profit-maximizing price to change by the same amount but in the opposite direction.

Economics

What causes employers or employees to behave opportunistically?

Economics

Depository institutions

What will be an ideal response?

Economics