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Which of the following is not barrier to entry quizlet?Which of the following is NOT a barrier to entry that would allow the monopolist to keep potential competitors out of its market? The market price of the product is too high. If there are no barriers to entry into an industry, long-run economic profits must be zero.
Which of the following is generally considered to be a barrier to entry?Common barriers to entry include special tax benefits to existing firms, patent protections, strong brand identity, customer loyalty, and high customer switching costs. Other barriers include the need for new companies to obtain licenses or regulatory clearance before operation.
Which of the following is considered a barrier to entry quizlet?Copyrights and patents are examples of barriers to entry.
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