Which of the Following Is Not Considered a Barrier to Entry

question 130

Multiple Choice

Which of the following is not considered a barrier to entry?

• A)patents
• B)government licenses
• C)economies of scale
• D)diseconomies of scale
• E)control over essential resources

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Definitions:

Benevolent

Showing kindness or goodwill, often characterized by acts of generosity or concern for others.

Monopoly Firm

A business that is the sole provider of a good or service in a market, facing no competition, which can lead to higher prices and inefficiencies.

Barrier to Entry

Factors or conditions that prevent new competitors from easily entering an industry or area of business.

Red Beryl

A rare mineral that is red in color and is composed of beryllium, aluminum, and silicate.