In an Oligopolistic Industry,which of the Following Is an Example

question 37

Multiple Choice

In an oligopolistic industry,which of the following is an example of a firm-created entry barrier?

• A)LRAC curve negatively sloped over a large range of output
• B)large set-up costs
• C)brand proliferation
• D)decreasing demand for the product
• E)price competition

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Definitions:

Investors

Individuals or entities that commit capital to businesses with the expectation of financial returns.

Business Entity Concept

A concept of accounting that limits the economic data in the accounting system to data related directly to the activities of the business.

Accounting Purposes

The specific objectives or reasons for recording and reporting financial information, such as compliance and decision-making.

Corporation

A business organized under state or federal statutes as a separate legal entity.