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The Advantages That Arise from Economies of Scale Make Entry

Question 150

Multiple Choice

The advantages that arise from economies of scale make entry difficult for new firms. As a result, monopolies and oligopolies are often associated with __________ and___________.


A) b and e
B) low costs; high prices
C) low costs; low prices
D) antitrust; laissez-faire
E) competition; high prices

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