Which of the Following Is a Barrier to Entry in a Monopoly

question 67

Multiple Choice

Which of the following is a barrier to entry in a monopoly market?

• A) Economic profit of the monopolist.
• B) Antitrust laws.
• C) A rising long-run average total cost curve.
• D) Economies of scale.

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Definitions:

Prejudice

Preconceived opinion or judgment about someone or something that is not based on reason or actual experience.

External Attributions

The process of attributing the cause of behavior to situational factors outside a person.

Lowball Technique

A persuasive tactic in which an initially favorable offer is made, but then terms are changed to be less favorable once initial commitment is achieved.

Reciprocity Norm

A social norm that expects individuals to respond to each other in kind, favoring actions that have been beneficial to them.