Use the Figure Below,which Shows the Linear Demand and Constant

question 16

Multiple Choice

Use the figure below,which shows the linear demand and constant cost conditions facing a firm with a high barrier to entry,to answer the question. If the entry barrier is removed consumers will be better off because

• A)consumers will enjoy greater consumer surplus.
• B)productive efficiency will be restored.
• C)competition will eliminate the shortage caused by the entry barrier.
• D)all of the above

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