Which of the following is not a barrier to entry?
A) Government regulation.
B) Control of essential factors of production.
C) Economies of scale.
D) Homogeneous Products.
Correct Answer:
Verified
Q22: In a competitive market,
A)Buyers don't have market
Q23: In a perfectly competitive industry,economic profit:
A)Can persist
Q24: Examples of barriers to entry include
A)Price taking.
B)Patents.
C)Standardized
Q25: Perfectly competitive firms cannot individually affect market
Q26: Which of the following is not a
Q28: The exit of firms from a market,ceteris
Q29: Which of the following is characteristic of
Q30: If the products of two firms are
Q31: Other things being equal,as more firms enter
Q32: The competitive market model is important because
A)It
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