What do economies of scale the exclusive ownership of, Ask an Expert

Economics

What do economies of scale, the exclusive ownership of essential raw materials used in the production process, and patents have in common?

a) they are all barriers to entry

b) they all help explain why a monopolists demand and marginal revenue curves are identical

c) they must all be present before a monopolist may practice price discrimination

d) they all help explain why a firms short run average total cost curve is U-shaped.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91848252

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