Which of the following statements about barriers to entry is false? A
Which of the following statements about barriers to entry is false?
A) They restrict entry into industries in which positive economic profits are being made.
B) They are somewhat lessened by the existence of patents.
C) They may be due to legal impediments such as licenses.
D) They may be due to a single firm controlling access to a natural resource or production process.
ANSWER
B
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