If Only One Firm Operates in a Market,and a Potential

question 66

Multiple Choice

If only one firm operates in a market,and a potential entrant is blockaded from entering the market,then the incumbent firm must

• A) have acted to prevent entry.
• B) be pricing where price equals marginal cost.
• C) be a natural monopoly.
• D) be the Stackelberg leader.

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Definitions:

Calendar

A system for organizing days based on periods such as weeks, months, and years, used for planning events and activities.

Recurrence

Recurrence refers to the repetition of certain actions or events at regular intervals or under specific conditions.

Regular Intervals

Occurrences or events happening at consistent, predictable times or distances apart.

Appointment

A scheduled meeting or arrangement, especially in professional contexts, often set for a specific time and place.