What Is One Reason Firms Might Lobby to Prevent Entry

question 60

Multiple Choice

What is one reason firms might lobby to prevent entry into their market?

• A) The long run equilibrium might be characterized by P = MC = ATC.
• B) The long run equilibrium might be characterized by P = MC < ATC.
• C) The long run equilibrium might be characterized by P > MC = ATC.
• D) The long run equilibrium might be characterized by P = MC > ATC.

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