Which of the Following Constitutes a Barrier Limiting the Entry

question 75

Multiple Choice

Which of the following constitutes a barrier limiting the entry of potential competitors into a market?

• A) diseconomies of scale
• B) an elastic market demand for the product produced by the industry
• C) control over an essential resource
• D) a perfectly elastic demand curve

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Definitions:

Adrenal Gland

An endocrine gland that produces various hormones including adrenaline and steroids aldosterone and cortisol.

Calcitonin

A hormone produced by the thyroid gland that lowers blood calcium levels by promoting calcium deposit in the bones.

Glucagon

A substance created by the pancreas that increases glucose levels in the blood by encouraging the conversion of glycogen into glucose in the liver.

Glucose Levels

The concentration of glucose present in the blood, an important indicator of metabolic health.