Which of the Following Barriers to Entry into a Market

question 73

Multiple Choice

Which of the following barriers to entry into a market is most beneficial from society's perspective?

• A)Economies of scale.
• B)Ownership of an essential productive resource.
• C)Brand loyalties.
• D)Consumer lock-in and switching costs.

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Definitions:

Terrible Experience

An event or situation that is extremely distressing, traumatic, or horrifying to an individual.

Defense Mechanism

A collective term for a number of reactions that try to ward off or lessen anxiety by various unconscious means.

Id

In Freudian psychoanalysis, the part of the mind that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.

Superego

A component of Sigmund Freud's psychoanalytic theory, representing the ethical and moral considerations in the personality.