All Other Things Being Equal, Which of the Following Would

question 81

Multiple Choice

All other things being equal, which of the following would lead to lower barriers to entry in an industry?

• A) The existence of economies of scale in the industry
• B) Products are highly differentiated in the industry.
• C) Industry incumbents have learning-curve cost advantages.
• D) Raw materials are widely and readily available at a competitive price.

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Definitions:

Leak

The release of confidential or secret information to the public, often by an anonymous source.

Fairness Doctrine

A policy by the Federal Communications Commission that required broadcasters to present contrasting viewpoints on controversial issues of public importance, abolished in 1987.

Federal Government

The federal government of a federation, which divides its sovereignty with the governments of its constituent states.

Enforcing

The act of compelling observance of or compliance with a law, rule, or obligation.