All of the Following Government Actions Create Barriers to Entry

question 16

Multiple Choice

All of the following government actions create barriers to entry EXCEPT

• A)limiting the number of airlines that may operate at an airport.
• B)granting a patent to a drug company.
• C)requiring a pizza parlor to get a business license.
• D)giving a power company exclusive use of the city's transmission lines.

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Definitions:

Yuan

The basic unit of currency in China, also referred to as Renminbi (RMB).

U.S. Currency

The system of money in general use in the United States, primarily represented by the Federal Reserve Notes (dollar bills) and coins.

Trade Flows

The movement of goods and services across borders, reflecting the export and import activities between countries.

Importers And Exporters

Entities engaged in the business of buying goods from foreign countries for local resale (importers) and selling domestic goods to foreign countries (exporters).