Which of the Following Can Be Thought of as a Barrier

question 49

Multiple Choice

Which of the following can be thought of as a barrier to entry?

• A) scale economies.
• B) patents.
• C) strategic actions by incumbent firms.
• D) all of the above

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Definitions:

Set-Points

The theory that each person's body has a predetermined or natural weight that it seeks to maintain through various physiological mechanisms.

Genetics

The study of heredity and the variation of inherited characteristics.

Ethnicity

Shared cultural practices, perspectives, and distinctions that set apart one group of people from another, based on heritage, language, religion, and social experiences.

Gini Ratio

A numerical measure of the overall dispersion of income among households, families, or individuals; found graphically by dividing the area between the diagonal line and the Lorenz curve by the entire area below the diagonal line.