Which of these is the BEST example of a barrier to entry?
A) comparative advantage
B) high elasticity of demand
C) a U-shaped long-run average cost curve
D) a government franchise
Correct Answer:
Verified
Q14: Natural monopolies are closely associated with
A) high-demand
Q15: Which industry or firm would be an
Q16: Which of these is NOT an example
Q17: Which of these is NOT a significant
Q18: An exclusive right granting ownership to individuals
Q20: Which of these is NOT a legal
Q21: If the economies of scale are so
Q22: In the United States, patents are usually
Q23: Power plants have traditionally been considered natural
Q24: _ in an industry can be so
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