A barrier to entry that grants exclusive use of an invented product or process to the inventor is called
A) a government franchise.
B) a patent.
C) economies of scale.
D) the ownership of a scarce resource.
Correct Answer:
Verified
Q148: Although patents are a _, they also
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Q150: Refer to the information provided in
Q151: Refer to the information provided in
Q152: It would be inefficient to break up
Q154: _ present(s) a barrier to entry in
Q155: _ are not a barrier to entry.
A)
Q156: Refer to the information provided in
Q157: Due to the network externalities in the
Q158: An industry that realizes such large economies
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