Which One of the Following Is an Example of a Natural

question 45

Multiple Choice

Which one of the following is an example of a natural barrier to entry of new firms into an industry?

• A)licensing of professions
• B)economies of scale
• C)issuing a patent
• D)a public franchise
• E)ownership of a significant portion of a key resource

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Definitions:

Sensory Adaptation

The process by which sensory receptors diminish their sensitivity to continuous stimuli, allowing organisms to focus on changes in their environment.

Action Potentials

Rapid, temporary changes in the electrical charge of a cell's membrane, crucial for nerve signal transmission.

Transduction

A process in genetics whereby foreign DNA is introduced into a cell by a virus or viral vector.

Thermoreceptors

Sensory receptors in the skin and other tissues that detect changes in temperature, important for maintaining thermoregulation.