Which of the Following Is NOT a Barrier to Entry

question 278

Multiple Choice

Which of the following is NOT a barrier to entry for a monopoly?

• A) economies of scale for the relevant range of output
• B) a patent on the product being sold
• C) the ability to charge a price that is above marginal cost
• D) receiving a public franchise

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Definitions:

Public Goods Dilemma

A situation in which individuals must decide whether to contribute to a collective resource, even though they personally will incur a cost.

Distribution Games

Games used to study how individuals allocate resources or rewards between themselves and others.

Performance

The act of carrying out a task or function, often measured against pre-established standards such as speed, accuracy, or efficiency.

Audience

The person or group receiving a message.