Which of the Following Is a Barrier to Entry in a Monopoly

question 67

Multiple Choice

Which of the following is a barrier to entry in a monopoly market?

• A) Economic profit of the monopolist.
• B) Antitrust laws.
• C) A rising long-run average total cost curve.
• D) Economies of scale.

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Definitions:

Hindsight Bias

The inclination to think that one could have predicted an outcome after becoming aware of it.

Psychological Research

The scientific study of behavior, cognitive processes, and emotions, employing various methods to understand mental functions and social dynamics.

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The natural ability to make practical judgments and decisions based on the simple perception of the situation or facts.

Clinical Psychologist

A professional specializing in diagnosing and treating mental illness, emotional disturbances, and dysfunctional behavior through therapy.