Business, 15.10.2019 04:00 raemcbride5678

Consider the market for natural gas. in this industry, low average total costs are obtained only through large-scale production, in other words, the initial cost of setting up all the necessary pipes and hoses makes it risky and most likely unprofitable for a competitor to enter the market.
which of the following best explains the barriers to entry that exist in the above scenario? ?
a) economies of scale
b) legal barriers

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Consider the market for natural gas. in this industry, low average total costs are obtained only thr...

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