Which of the following are major sources of imperfect competition?
A)Government tariffs.
B)Patent laws.
C)Copyright laws.
D)Economies of scale.
E)All of the above.

Question

Quizplus · Accepted Answer

All of the above are major sources of imperfect competition. Government tariffs restrict international competition, while patent and copyright laws restrict competition within a particular industry. Economies of scale allow bigger firms to produce at lower costs, making it hard for smaller firms to compete.

Which of the Following Are Major Sources of Imperfect Competition