Effect of initial investment requirement potential barrier

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Reference no: EM13838130

1. We can be certain that in the short-run a monopoly will produce the level of output that minimizes the cost on per unit basis (i.e. the average cost is at its minimum).

True or False.

2. A well developed financial system helps reduce the effect of the initial investment requirement as a potential barrier to entry.

True or False

Reference no: EM13838130

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