Asked by
Raquel Tovar
on Oct 12, 2024Verified
All of the following are barriers to entry except
A) required scale for innovation.
B) government deregulation.
C) economies of scale.
D) economies of being establisheD.
Government Deregulation
The process of reducing or eliminating government rules controlling how businesses can operate, often to encourage more competition and innovation.
Economies of Scale
Enterprises gain cost benefits from their scale of operation, which typically results in the cost per unit of output decreasing as the scale increases.
- Recognize the elements contributing to the formation of monopolies, such as legal restrictions and possession of resources.
Verified Answer
BO
Learning Objectives
- Recognize the elements contributing to the formation of monopolies, such as legal restrictions and possession of resources.
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