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:

Subsidiary Ledger

A subsidiary ledger is a detailed ledger containing individual accounts with a common characteristic, which is summarized and presented in a single account in the general ledger.

Control Account

A summary account in the general ledger that consolidates and reflects the total amount of transactions recorded in subsidiary ledgers for easier oversight and reconciliation.

Invoice Price

The initial quoted price on an invoice prior to deductions such as discounts, allowances, or rebates.