Which of the Following Statements About Barriers to Entry Is

question 9

Multiple Choice

Which of the following statements about barriers to entry is false?

• A)They restrict entry into industries in which positive economic profits are being made.
• B)They are somewhat lessened by the existence of patents.
• C)They may be due to legal impediments such as licenses.
• D)They may be due to a single firm controlling access to a natural resource or production process.

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Definitions:

Tax Revenue

Tax revenue refers to the income that is gained by governments through taxation, used to fund public services and government spending.

Per-apple Tax

A tax imposed on each unit of apple sold, typically used as an example to explain tax effects on goods.

Imported Apples

Apples imported into a country from overseas for the purpose of being sold.

United States

A country in North America consisting of 50 states and a federal district, known for its large economy and diverse population.