Question

20SUSL Economics II Microeconomics (ECO-212-66250) Paige Hink & 07/30/20 8:57 PM Test: Third test-micro Time Remaining: 01:21:51 Submit Test This Question: 1 pt 20 of 48 (16 complete) This Test: 48 pts possible A monopolist is the single seller of a product or good for which there is no Substitute To maintain a monopoly, there must be barriers to entry Barriers to entry include patents, tariffs, and safety and quality regulations V of resources without close substitutes, economies of legally required licenses, franchises, and certificates of convenience Click to select your answers 8:57 PM 7/30/2020

1. close or imperfect
2. lack or ownership
3. scale or inefficiency
please answer asapp

Answer 1

Ans) The answers to the blanks are :

Blank 1 : close

Blank 2 : ownership

Blank 3 : scale