Which one of the following is a natural barrier to firms entering an industry?
A) decreasing returns to scale
B) a positively sloped LRAC curve over the whole range of output
C) a negatively sloped LRAC curve over the whole range of output
D) licensing and patent restrictions
E) threats of punitive price- cutting by existing producers
Correct Answer:
Verified
Q27: TABLE 10- 2 Your food- services
Q28: FIGURE 10- 4 Suppose a monopolist faces
Q29: FIGURE 10- 4 Suppose a monopolist faces
Q30: FIGURE 10- 4 Suppose a monopolist faces
Q31: Consider the following AR and MR curves
Q33: One of the reasons cartels are considered
Q34: If a monopolist's marginal revenue is MR
Q35: Consider the following AR and MR curves
Q36: TABLE 10- 2 Your food- services
Q37: TABLE 10- 2 Your food- services
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