1. Which of the following is not a barrier to entry in a monopolized market? a. The...

Question:

1. Which of the following is not a barrier to entry in a monopolized market?

a. The government gives a single firm the exclusive right to produce some good.

b. The costs of production make a single producer more efficient than a large number of producers.

c. A key resource is owned by a single firm.

d. A single firm is very large.

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