Barriers to Entry Are Characteristics of a Particular Market

question 143

Multiple Choice

Barriers to entry are characteristics of a particular market:

• A) in which the industry can make it so difficult for entry that only a few firms can do so, and this leads to monopoly power.
• B) that block new firms from entering.
• C) which include economies of scale, location advantages, and high sunk costs.
• D) all of the above are true.

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Definitions:

Applied Voltage

The external voltage applied across an electrical device or a component within a circuit.

R2

A designation often used in mathematics and statistics for the coefficient of determination, or in electronics to denote a specific resistor in a circuit.

Series Circuit

An electrical circuit in which components are connected along a single path, so the same current flows through all of the components.

Individual Resistances

The resistance values of separate resistors in a circuit, each contributing to the total resistance in their unique ways.