Multiple Choice
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
-In which of the following situations, is a barrier to entry into a monopoly least likely to exist?
A) A large firm enjoys economies of scale.
B) The tariffs on foreign goods are eliminated by the government.
C) A company is the sole inventor of what it produces and no one else can make a good substitute.
D) Government restrictions such as license requirements are enacted.
E) A company is the only owner of an essential resource needed to produce its product.
Correct Answer:

Verified
Correct Answer:
Verified
Q81: The following table shows the units of
Q82: The table given below shows the prices
Q83: The figure given below shows the aggregate
Q84: The figure given below shows the cost
Q85: The figure given below shows the aggregate
Q87: The figure given below shows the aggregate
Q88: The figure given below shows the cost
Q89: The following figures show the demand and
Q90: The following figure shows revenue and cost
Q91: The table given below shows the prices