There are several types of entry barriers that could allow a firm to maintain some monopoly power. For each of the cases? below, describe the type of entry barrier that appears to be most relevant. Part 2 Describe the type of entry barrier that appears to be most relevant for a patented blood pressure medication. A. There is a natural entry barrier arising from limited access to key natural resources. B. There is a natural entry barrier arising from network effects. C. There is a natural entry barrier arising from economies of scale. D. There is a created entry barrier in the form of government action that legally prevents entry. E. There is an entry barrier created by incumbent firms in the form of threats of price cutting. Part 3 Describe the type of entry barrier that appears to be most relevant for legal services. A. There is a natural entry barrier arising from economies of scale. B. There is a natural entry barrier arising from network effects. C. There is a natural entry barrier arising from limited access to key natural resources. D. There is a created entry barrier in the form of limited licenses required for individuals to practise law. E. There is an entry barrier created by incumbent firms in the form of threats of heavy? brand-name advertising. Part 4 Describe the type of entry barrier that appears to be most relevant for electricity transmission. A. There is a natural entry barrier arising from economies of scale. B. There is an entry barrier created by incumbent firms in the form of threats of heavy? brand-name advertising. C. There is a created entry barrier in the form of government action that legally prevents entry. D. There is a natural entry barrier arising from limited access to key natural resources. E. There is a natural entry barrier arising from network effects. Part 5 Describe the type of entry barrier that appears to be most relevant for municipal sewage services. A. There is an entry barrier created by incumbent firms in the form of threats of heavy? brand-name advertising. B. There is a natural entry barrier arising from limited access to key natural resources. C. There is a natural entry barrier arising from network effects. D. There is a natural entry barrier arising from economies of scale. E. There is a created entry barrier in the form of government action that legally prevents entry. Part 6 Describe the type of entry barrier that appears to be most relevant for a popular? social-media platform. A. There is an entry barrier created by incumbent firms in the form of threats of price cutting. B. There is a natural entry barrier arising from network effects. C. There is a natural entry barrier arising from limited access to key natural resources. D. There is a natural entry barrier arising from economies of scale. E. There is a created entry barrier in the form of government action that legally prevents entry. Part 7 Describe the type of entry barrier that appears to be most relevant for delivery of? first-class mail in Canada. A. There is a created entry barrier in the form of government action that legally prevents entry. B. There is a natural entry barrier arising from limited access to key natural resources. C. There is a natural entry barrier arising from network effects. D. There is an entry barrier created by incumbent firms in the form heavy? brand-name advertising. Part 8 Describe the type of entry barrier that appears to be most relevant for taxicabs in many cities. A. There is a natural entry barrier arising from limited access to key natural resources. B. There is a natural entry barrier arising from economies of scale. C. There is an entry barrier created by incumbent firms in the form of threats of price cutting. D. There is a natural entry barrier arising from network effects. E. There is a created entry barrier in the form of government action that legally prevents entry. Part 9 Describe the type of entry barrier that appears to be most relevant for hotels. A. There is a natural entry barrier arising from limited access to key natural resources. B. There is a natural entry barrier arising from network effects. C. There is a created entry barrier in the form of government action that legally prevents entry. D. There is an entry barrier created by incumbent firms in the form of heavy? brand-name advertising and threats of price cutting.