Louisiana State University, Shreveport ECON ECON 705 The ability of a firm to raise its price while still maintaining a…
All of the following could be a barrier to entry except
Select one:
a.
occupational licenses (e.g., teacher certification, lawyers passing the bar exam, etc.).
b.
low fixed costs.
c.
government-granted monopoly rights, as exists for many utility companies in cities.
d.
large economies of scale.
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