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Which of the following is not true about barriers to entry? Multiple Choice They make it difficult for potential producers to enter a given market.
Which of the following is not true about barriers to entry?
Multiple Choice
They make it difficult for potential producers to enter a given market.
They allow a firm to earn economic profit in the long run.
They allow a firm to control or restrict the amount of goods supplied in the market.
They cause price to be lower and output higher than if they didn't exist
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
