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BWCT isa mining company that operates the world's exclusive mining site to harvest a new metal. Assuming it is a monopoly, which of the following
BWCT isa mining company that operates the world's exclusive mining site to harvest a new metal.
Assuming it is a monopoly, which of the following statements is least likely concerning entry and exit in this market currently?
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There is an economy of scale at work making it cheap to produce more products.
There are government regulations enabling firms to enter the market easily.
There is tight control over a key resource by BWCT.
There is predatory price cutting being done by BWCT to keep new companiesout of mining.
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