Which of the Following Cannot Be an Effective Entry Barrier

question 353

Multiple Choice

Which of the following cannot be an effective entry barrier?

• A) a firm earning very high economic profits
• B) a firm being granted a patent for its product
• C) a firm owning all of a vital resource needed to produce a good
• D) when huge economies of scale exist

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Definitions:

Fetal Alcohol Syndrome

A condition in infants resulting from alcohol exposure during the mother's pregnancy, leading to physical and cognitive development problems.

Cirrhosis

A liver disease resulting in the production of nonfunctional scar tissue.

Unprotected Sex

Sexual activity without the use of barrier methods of contraception or protection against sexually transmitted infections (STIs).

College Graduates

Individuals who have completed a program of study at a college or university and have been awarded an academic degree.