Barriers to Entry Include Economies of Scale and Network Effects

question 277

True/False

Barriers to entry include economies of scale and network effects.

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Definitions:

Literacy Test

Historically used as a method to disenfranchise voters, especially African Americans in the South, by requiring them to pass a reading and writing test before voting.

IQ Tests

Intelligence quotient tests are standardized assessments designed to measure human intelligence relative to a statistical norm.

Buck V. Bell

A landmark United States Supreme Court case in 1927 that upheld the constitutionality of a Virginia law allowing for the compulsory sterilization of patients of state mental institutions.

Supreme Court

The highest federal court in the United States, which has the final appellate jurisdiction over all federal and state court cases involving matters of federal law.