All of the Following Are Barriers to Entry in an Industry

question 190

Multiple Choice

All of the following are barriers to entry in an industry EXCEPT

• A) a patent.
• B) governmental restrictions.
• C) low marginal tax rates.
• D) economies of scale.

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Definitions:

Validity Rules

Refer to the principles or criteria used to determine whether arguments or reasoning processes are logically sound.

Fallacy

A flawed argument that uses poor reasoning or logical errors.

Major Premise

The first principle or statement in a deductive argument from which a conclusion is derived.

Valid Syllogism

A form of deductive reasoning where, from two given premises, a logically inevitable conclusion is derived.