All of the following government actions create barriers to entry EXCEPT
A) limiting the number of airlines that may operate and an airport.
B) granting a patent to a drug company.
C) requiring a pizza parlor to get a business license.
D) giving a power company exclusive use of the city's transmission lines.
Correct Answer:
Verified
Q62: A patent
A)always gives rise to a monopoly.
B)may
Q63: Which of the following products benefits from
Q69: For there to be positive network externalities,
A)there
Q70: A monopoly advertises
A)to raise its profit.
B)to decrease
Q71: For network externalities to occur,
A)the government has
Q105: Which of the following average cost functions
Q109: Limited government licenses that create a monopoly
Q112: The monopoly can shift the demand for
Q117: Government actions that create monopolies
A) spur product
Q129: A monopoly can be formed by a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents