All of the Following Are Considered a Barrier to Entry

question 86

Multiple Choice

All of the following are considered a barrier to entry into a market EXCEPT

• A) government licenses.
• B) persistent declining long-run average costs as output increases.
• C) lowering tariffs.
• D) governmental regulations of business conduct relating to workplace conditions.

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Definitions:

Volcanic Eruptions

Natural geological phenomena involving the release of gases, ash, and molten rock from beneath the Earth's surface.

Oil Spill

The release of liquid petroleum hydrocarbons into the environment, especially marine areas, leading to pollution.

Geologic Resources

Naturally occurring materials of economic value extracted from the Earth, including minerals, fossil fuels, and groundwater.

Floodplains

Flat or nearly flat land adjacent to a stream or river that experiences occasional or periodic flooding.