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Economics
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One major barrier to entry under pure monopoly arises from:

 

A. The availability of close substitutes for a product

B.Ownership of essential resources

C. The price taking ability of the firm

D. Diseconomies of scale

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Hubert Koch
Hubert KochLv2
4 May 2020

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Related questions

When the demand for a good or service limits the quantity that can be sold to an output at which the firm experiences economies of scale, the ____.
 
A) firm is a single-price monopoly
B) good that the industry produces has close substitutes
C) firm is a natural monopoly
D) firms are protected from competition by a legal barrier

 

One defining characteristic of pure monopoly is that the _____

a. monopoly is a price taker

b. monopoly produces a product with no close substitutes

c. entry into the industry is relatively easy, but exit is difficult

d. monopoly uses advertising

 1. One defining characteristic of pure monopoly is that:

A. the monopolist is a price taker.

B. the monopolist produces a product with no close substitutes.

C. the monopoly least uses advertising.

D. there is a relatively easy entry into the industry, but exit is difficult.

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