What qualities would ideally suit a monopolistic firm with regard to barriers to entry?
A. a few impediments to limit new firms from operating and expanding within the market
B. sufficient strength to prevent or discourage potential competitors from entering the market
C. government rules on prices, quantities, or conditions of entry in an industry
D. government regulations that provide no barriers to entry, exit, or competition
Answer:B
What qualities would ideally suit a monopolistic firm with regard to barriers to entry?
A. a few impediments to limit new firms from operating and expanding within the market B. sufficient strength to prevent or discourage potential competitors from entering the market C. government rules on prices, quantities, or conditions of entry in an industry D. government regulations that provide no barriers to entry, exit, or competition
Explanation: 34. In the event that Only1Corp. obtains control of all the natural gas producers in the US, it would most likely