Which of the following could not bar entry into an industry?
A) economies of scale
B) diseconomies of scale
C) patents
D) licenses
E) one firm's control of essential resources
Correct Answer:
Verified
Q12: A natural monopoly is based on economies
Q13: In the monopoly market structure, new firms
A)cannot
Q14: Which of the following is true?
A)Patents reduce
Q15: Patents stimulate investment
A)by giving inventors an incentive
Q16: Anything that prevents new firms from competing
Q18: A natural monopoly results when a firm
Q19: Willie Stand obtains a patent on his
Q20: Patent laws promote technical progress in all
Q21: For a monopolist, P < MR at
Q22: A price searcher is any firm that
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