Which of the Following Is Likely to Act as a Barrier

question 78

Multiple Choice

Which of the following is likely to act as a barrier to entry in a monopoly market?

• A) The monopoly firm makes normal economic profits.
• B) The monopoly firm owns a patent on the good.
• C) The number of buyers in the market is large.
• D) The good produced by the monopolist is perishable.

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Definitions:

High-Performance Workplace

A work environment designed to maximize employee productivity, engagement, and satisfaction.

Employee Morale

Refers to the overall satisfaction, outlook, and feelings of well-being that employees feel about their workplace.

Deming

Refers to W. Edwards Deming, an American engineer, statistician, professor, author, lecturer, and management consultant known for his work in quality management and productivity improvement.

Quality Movement

A management approach focusing on continuous improvement of processes, products, and services to achieve superior quality and customer satisfaction.