While Smoking Is on the Decline in the United States

question 152

Multiple Choice

While smoking is on the decline in the United States, China is still puffing away madly. That's not because the government is eager to protect its citizens from the hazards of smoking. It's because China is eager to protect its own tobacco industry which is a state monopoly. What barriers, if any, exist in this market?

• A) Natural barriers to entry
• B) Ownership barrier to entry
• C) Legal barrier to entry; a government license
• D) Legal barrier to entry; a public franchise

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Definitions:

Personal Fulfillment

A sense of satisfaction and achievement derived from pursuing and realizing one’s own goals, desires, or potentials.

Self-Determination

A theory of motivation that holds individuals have innate psychological needs that are the basis for self-motivation and personality integration.

Telecommuting

Remote work, allowing employees to complete their work tasks from outside traditional office environments, often from home, using digital technologies.

Working Hours

The period of time during which an individual is expected to be performing work duties, typically defined by an employer.