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If a producer wants a monopoly with a legal barrier to entry, how can this be done?i.The producer ca

Loraine

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If a producer wants a monopoly with a legal barrier to entry, how can this be done?i.The producer ca

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.

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Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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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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Loraine Author

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9 years ago

this is exactly what I needed

Morgan-C

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You make an excellent tutor!

sadiewolf

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Thanks

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