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Which one of the following is anaturalbarrier to firms entering an industry?

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Which one of the following is anaturalbarrier to firms entering an industry?

Which one of the following is a natural barrier to firms entering an industry?

▸ a negatively sloped LRAC curve over the whole range of output

▸ decreasing returns to scale

▸ licensing and patent restrictions

▸ a positively sloped LRAC curve over the whole range of output

▸ threats of punitive price-cutting by existing producers

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

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