The exclusive ownership of essential raw materials

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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.

Reference no: EM131101544

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