Which of the Following Is the Best Example of a Barrier

question 80

Multiple Choice

Which of the following is the best example of a barrier to entry into a monopolistic industry?

• A)diminishing returns
• B)comparative advantage
• C)high price elasticity of demand
• D)a public franchise

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Definitions:

Paregoric

An opium tincture used historically to treat diarrhea by decreasing bowel movements and to alleviate pain with its sedative effects.

Schedule I

A category of controlled substances that have a high potential for abuse, no currently accepted medical use in the United States, and lack accepted safety for use under medical supervision.

Abuse Potential

The likelihood or risk that a substance, often a drug, can lead to dependency or addiction in users.

Controlled Substances

Drugs or chemicals whose manufacture, possession, and use are regulated by government agencies due to their potential for abuse or addiction.