Who among the following economists developed the concept of ‘Barriers t o Entry’ of firms ?
Joe S.Bain developed the industrial-organisation analysis of barriers to entry; Baumol is associated with contestability and sales maximisation.
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Who among the following economists developed the concept of ‘Barriers t o Entry’ of firms ?
Answer and explanation
Correct answer A
Joe S.Bain developed the industrial-organisation analysis of barriers to entry; Baumol is associated with contestability and sales maximisation.
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UGC NET Economics