Explain How the Following Types of Barriers to Entry Generate

question 23

Essay

Explain how the following types of barriers to entry generate market power.

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Definitions:

Depositary Banks

Financial institutions that hold securities, such as stocks and bonds, in electronic or physical form for safekeeping and facilitate transactions for these securities.

Payment

A transaction or arrangement in which money is exchanged for goods or services.

Business Day

A day on which businesses are normally open for operations, excluding weekends and public holidays.

Depositor

An individual or entity that places money into a bank account for safekeeping.