Barriers to Entry Represent Factors Associated With

question 19

Multiple Choice

Barriers to entry represent factors associated with:

• A) a market,and/or firms currently operating in the market,that make it more expensive and difficult to enter that market.
• B) a market,and/or firms currently operating in the market,that make it more expensive and difficult to leave that market.
• C) differentiation strategies in which the firm maximizes its returns by emphasizing lower quality products than those found in markets without barriers to entry.
• D) the presence of above-average returns for a firm.

---

Definitions:

Balanced Trade

A trade situation in which the value of a country's exports equals the value of its imports over a certain period.

Net Exports

The value of a country's total exports minus the value of its total imports.

Trade Surplus

The amount by which the value of a country's exports exceeds the cost of its imports.

Exports

Goods or services sold by one country to another, contributing to the selling country's gross domestic product.