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The Figure Given Below Shows the Aggregate Demand and Supply

question 86

Multiple Choice

The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7    -In which of the following situations, is a barrier to entry into a monopoly least likely to exist? A) A large firm enjoys economies of scale. B) The tariffs on foreign goods are eliminated by the government. C) A company is the sole inventor of what it produces and no one else can make a good substitute. D) Government restrictions such as license requirements are enacted. E) A company is the only owner of an essential resource needed to produce its product.
-In which of the following situations, is a barrier to entry into a monopoly least likely to exist?


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