00:01
Which of the following is not a barrier to entry that would allow a monopolist to keep potential competitors out of its market? a, significant economies of scale exist.
00:11
B, the firm has government authorization to be a monopoly.
00:16
C, the firm has a patent on the good or control over some resource required for the production of the good.
00:23
Or d, the market price of the product is too high.
00:26
Barriers to entry are patents, trademarks, government authorization, and economies of scale.
00:57
So now if we go and look at our choices, the first one, significant economies of scale exists.
01:04
That's this reason right here.
01:05
So it's not going to be a, because we're talking about not a barrier...