Which of the Following Would Not Bar Entry into a Market

question 9

Multiple Choice

Which of the following would not bar entry into a market?

• A)control by a single firm of an essential resource
• B)the necessity of taking risks when starting a firm
• C)patents
• D)economies of scale
• E)government regulations limiting the number of firms in an industry

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Definitions:

Subordinates

Refers to employees or team members who are lower in hierarchical position or rank compared to their supervisors or managers.

Delegation

The assignment of authority and responsibility from one person to another to carry out specific activities while the former remains accountable for the outcome.

Competency

The ability to do something successfully or efficiently.

Policy-Making Councils

Groups or bodies that are responsible for the development and formulation of guidelines, rules, or regulations.