Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition _________________ .
A. barriers to entry; to a few oligopoly firms
B. barriers to entry; to a natural monopoly
C. deregulation; requiring new patent law
D. deregulation; requiring new copyright law
Answer:A
Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition _________________ .
A. barriers to entry; to a few oligopoly firms B. barriers to entry; to a natural monopoly C. deregulation; requiring new patent law D. deregulation; requiring new copyright law
Explanation: 15. If the North American newsprint paper market has barriers to entry, then