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A Legal Barrier Is Created When a Firm

Question 67

Multiple Choice

A legal barrier is created when a firm


A) has economies of scale, which allow it to produce at a lower cost than two or more firms.
B) is granted a public franchise, government license, patent, or copyright.
C) produces a unique product or service.
D) produces a standardized product or service.
E) has an ownership barrier to entry.

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