Which of the following is not a barrier to entry for monopoly?
A. a patent
B. government licensing
C. large economies of scale
D. a large number of existing firms in a market
Answer: D
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Total cost of production refers to the:
A) sum of variable costs and fixed costs. B) product of variable costs and fixed costs. C) difference between variable costs and fixed costs. D) ratio of variable costs to fixed costs.
Which of the following generation categories has the largest population in the United States in 2015?
A) the baby boomers B) generation X C) the centenarians D) the millennials
What is a fixed exchange rate and how is its value fixed?
What will be an ideal response?
The most likely way the public debt burdens future generations, if at all, is by:
A. reducing the current level of investment. B. causing future unemployment. C. causing deflation. D. reducing real interest rates.