4444444444444444444444444444444444444444
One major barrier to entry under pure monopoly arises from the cost of the infrastructure that would be needed for production.
<h3>What is meant by barriers to entry?</h3>
This is the term that is used to show that the market structure is very difficult to break into.
This means that there would be only very few sellers of that particular product in the market.
<h3>What is diseconomies of scale?</h3>
This term is used in economics to refer to the fact that a business or a firm would have grown to be so large in such a way that the costs per unit would have to rise.
This is the stage where the economies to scale is no longer working for this particular firm. The production of goods and services would rise so much as per the unit cost of each item.
Types of these are
- infrastructure diseconomies
- Pollution diseconomies
Read more on barriers to entry here:
brainly.com/question/12589254
#SPJ1
Nash equilibrium is a set of strategies in which each player's strategy is considered as the best option for that player, based on the chosen strategy of their opponents.
<h3>What is a strategy?</h3>
A strategy refers to a set of guiding principles, actions, behavior, and decisions that a player strategically combines, so as to successfully achieve his or her goals, objectives, and possess a competitive advantage over opponents.
In game theory, it should be noted that Nash equilibrium is a set of strategies in which each player's strategy is considered as the best option for that player, based on the chosen strategy of their opponents.
Read more on Nash equilibrium here: brainly.com/question/17515037
#SPJ1
A system that castes across the caste that sits on a system
