
One reason why, in the last four decades, the number of new auto makers in the world has been very small compared to the past is that
A) the automobile cannot be improved upon in any way by new producers.
B) new auto makers cannot obtain necessary inputs to produce new cars.
C) governments restrict who can produce automobiles.
D) new producers cannot match the economies of scale of existing auto makers.
Correct Answer:
Verified
Q25: A four-firm concentration ratio measures
A)the extent to
Q26: Oligopolies exist and do not attract new
Q27: Patents, tariffs, and quotas are all examples
Q28: Which of the following is not part
Q29: When large firms in oligopolies cut their
Q31: Interdependence of firms is most common in
A)monopolistically
Q32: Which of the following is not a
Q33: We can draw demand curves for firms
Q34: An example of a barrier to entry
Q35: Oligopoly differs from perfect competition and monopolistic
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