Which One of the Following Is a Natural Barrier to Entry

question 85

Multiple Choice

Which one of the following is a natural barrier to entry?

• A) threats of punitive price- cutting by existing producers
• B) licensing and patent restrictions
• C) decreasing returns to scale
• D) a positively sloped LRAC curve over the whole range of output
• E) a negatively sloped LRAC curve over the whole range of output

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Medical Costs

Expenses associated with healthcare services, including diagnosis, treatment, and prevention of disease.

Health Benefits

Positive effects on physical and/or mental well-being obtained through particular lifestyle choices, medical treatments, or preventive measures.

Motives

The reasons or driving forces behind individuals' actions or behavior.

Motivational Principle

A fundamental truth about what motivates individuals to act in certain ways or pursue particular goals.