Barriers to Entry Are Characteristics of a Particular Market

question 143

Multiple Choice

Barriers to entry are characteristics of a particular market:

• A) in which the industry can make it so difficult for entry that only a few firms can do so, and this leads to monopoly power.
• B) that block new firms from entering.
• C) which include economies of scale, location advantages, and high sunk costs.
• D) all of the above are true.

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