21
Which of the following is a barrier to entry that typically results in monopoly?
Answer: Production of the industry's product requires a large initial capital investment.
Answer: Production of the industry's product requires a large initial capital investment.
Answer: P = 3 and Q = 6.
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Answer: less than average variable cost.
Answer: All of the above come close to satisfying the assumptions of perfect competition.
Answer: and market price will both remain constant.
Answer: an oligopolist.
Answer: a monopolistic competitor.
Answer: a monopolist.
Answer: The only seller of a difficult-to-substitute product
Answer: Non-price competition, such as advertising
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