Which of the Following Is NOT an Entry Barrier to an Industry

question 79

Multiple Choice

Which of the following is NOT an entry barrier to an industry?

• A)expected competitor retaliation
• B)economies of scale
• C)customer product loyalty
• D)bargaining power of suppliers

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Definitions:

Produce

Agricultural products, especially fresh fruits and vegetables, that are grown for consumption.

Price

The fund requirements to procure a product or service.

Profit-Maximizing

A strategy or point where a business achieves the highest possible profit with its current resources and market conditions.

Short Run

A period in economics where at least one input (such as plant size) is fixed, limiting the ability of a firm to adjust to market changes.