Multiple Choice
Which one of the following is an example of a natural barrier to entry of new firms into an industry?
A) licensing of professions
B) economies of scale
C) issuing a patent
D) a public franchise
E) ownership of a significant portion of a key resource
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Use the figure below to answer the
Q41: To increase sales from 7 units to
Q42: Which of the following is true for
Q43: Use the figure below to answer the
Q44: A monopoly<br>A)faces a perfectly elastic demand.<br>B)ignores the
Q46: Use the table below to answer the
Q47: Use the figure below to answer the
Q48: If a monopolist can perfectly price discriminate,then<br>A)price
Q49: A perfect price-discriminating monopoly<br>A)has a demand curve
Q50: Use the figure below to answer the