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Maria Velez Romero
on Nov 27, 2024

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Which of the following is not a barrier to entry?

A) patents
B) X-inefficiency
C) economies of scale
D) ownership of essential resources

Barriers to Entry

Obstacles that make it difficult for new firms to enter a market, such as high startup costs or stringent regulations.

X-inefficiency

The production of output, whatever its level, at a higher average (and total) cost than is necessary for producing that level of output.

  • Detect and describe the barriers encountered when entering monopolistic marketplaces.
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HS
Henry SchulerDec 03, 2024
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