question archive Which of the following is not a technical barrier to entry in a monopolized market? a) A patent
Which of the following is not a technical barrier to entry in a monopolized market? a) A patent
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Which of the following is not a technical barrier to entry in a monopolized market?
a) A patent.
b) Decreasing average cost.
c) A low cost method of production known only by monopolist.
d) Increasing returns to scale.
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The correct answer is (B). Decreasing average cost.
Other Trade barriers are high installation cost, control of particular resources, and implementation of exclusive licenses.
