Ash is the preferred wood to be used in the production of baseball bats.If a company was to buy the rights to harvesting the ash trees out of all the forests in North America,which of the following barriers of entry has this company created? A) control of resources
B) problems raising capital
C) economies of scale
D) licensing
E) patents and copyright law

A) control of resources

Explanation:

One of the ways that Monopolies create barriers to entry is by controlling the natural resource. This question is a an example of that happening.

By controlling the natural resource, the monopoly can decide who it wants to sell to and at what price. It could even decide not to sell the resource at all which would make it the sole producer of the goods derived from the resource which would effectively force every competitor out of the market as they would be unable to produce anything.

See explanation

Explanation:

The gross domestic product means the value in terms of money of the goods that a nation produces. The three measures of measuring the gross domestic product are:

1. Expenditure approach: This approach has to do with the addition of all the expenses that was incurred in a particular economy on the final goods and services. This can be calculated using C+I+G+(X-M)

where,

C = consumption.

I = investment

G = government expenditure

X = export

M = import

2. Income approach: This involves the addition of all the income that is earned in a particular country for the year. In this case, one will need to add the wages, salaries, interest, profit and rent.

3. Value added approach: This has to do with the addition of the value added which is down at every production level.