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Loraine Loraine
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8 years ago
If a producer wants a monopoly with a legal barrier to entry, how can this be done?
i.   The producer can spend funds lobbying to attain passage of the legal barrier to entry.
ii.   The producer can purchase an existing monopoly.
iii.   The producer can make rent seeking expenditures.
A) i and ii
B) i and iii
C) ii and iii
D) i, ii, and iii
E) None of the above are ways to acquire a monopoly with a legal barrier to entry.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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8 years ago
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Loraine Author
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8 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
loki1345
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Yesterday
Good timing, thanks!
smi3
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2 hours ago
this is exactly what I needed
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