Which Type of Barrier to Entry Allowed the Electric Company

question 229

Multiple Choice

Which type of barrier to entry allowed the electric company to maintain a monopoly over the production of electricity?

• A) a patent
• B) economies of scale
• C) diseconomies of scale
• D) ownership of a scarce factor of production

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Definitions:

DNA

The molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Extended

Pertaining to something that has been lengthened or stretched out.

Complementary

Elements, items, or substances that, when brought together, enhance each other's properties or complete something.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.