Which Does NOT Cause an Industry That Might Otherwise Be

question 208

Multiple Choice

Which does NOT cause an industry that might otherwise be competitive to tend toward oligopoly?

• A) economies of scale
• B) barriers to entry
• C) mergers
• D) strategic independence

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Definitions:

Liable

Being legally responsible for something, especially in terms of being subject to legal action or obligation to provide compensation.

Default Judgement

A judgment entered by a court for the plaintiff when the defendant fails to respond to a legal action.

Memorandum of Law

A detailed written document prepared by an attorney to present legal arguments and precedents in support of a case.

Motion to Dismiss

A legal request asking a court to dismiss a case mainly on the grounds that even if all facts claimed are true, there is no legal basis for a lawsuit.