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:

Macro Design View

An interface within a database application that allows users to create and manage complex macros.

Group Program

A set of coordinated activities or tasks designed to achieve a common goal or address a particular issue, typically involving multiple participants.

Action Catalog

A collection or repository of actions or commands that can be performed within a software application or system, often organized for easy access and use.

Actions

In computing, it generally refers to tasks or functions performed by software in response to user commands.