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Middletown, U.S.A., has been dealing with several monopoly firms, making it difficult for new firms to enter. Match each company to the best description
Middletown, U.S.A., has been dealing with several monopoly firms, making it difficult for new firms to enter. Match each company to the best description of the particular "barrier to entry" it is benefitting from. Drag each item on the left to its matching item on the right. Wanda's Water Park adds a new water slide or ride each year to the already large park, and can do it fairly cheaply due to volume discounts from the firm that produces the slides. Larry's Lawn Care has exclusive rights to mow the grass for all city government property in town for the next 5 years. Lucinda's Lake Condos owns all the property around Middletown Lake, the only lake for 200 miles. Burt's Brass Band gets a royalty from every download of a song. Marvin's Mining Company runs 100 different pieces of large equipment and trucks in daily operations. + ++ + problems raising capital economies of scale patents and copyright law licensing control of resources W S 44 Search 85 H. * 00 K N M
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