Which of the following is not a barrier to entry which leads to monopoly power
a. economies of scale
b. control over key patents
c. control of an essential resource
d. government-imposed barriers to entry
e. homogeneous product
E
You might also like to view...
Which of the following is an example of an investment in physical capital?
A. A firm pays for workers to take college classes. B. A chemical firm employs chemists to develop new chemicals. C. A firm trains workers to operate new machinery. D. A firm purchases new equipment for a manufacturing process.
A ________ curve means that ________
A) horizontal demand; a change in price does not change total revenue B) horizontal demand; the elasticity of demand is less than 1 C) horizontal supply; the elasticity of supply is infinite D) horizontal supply; the elasticity of demand is infinite E) vertical demand; a change in price does not change total revenue
The cost of holding money is best described as
A) the cost of printing money. B) the cost which price decreases impose on money holders. C) the yield which is paid to money holders by the U.S. government. D) the yield that could have been earned had the asset been held in another form.
If the spending multiplier is 3 and the desired amount of increase in real GDP is $90 million, then by how much would government spending have to increase? a. $270 million. b. $90 million
c. $30 million. d. $0.