Which of the Following Is Not a Potential Barrier to Entry

question 52

Multiple Choice

Which of the following is not a potential barrier to entry into a monopoly market?

• A)The market is a natural monopoly.
• B)The incumbent firm owns a key resource.
• C)The government intervenes in the market.
• D)A new type of product is offered.

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Definitions:

Collusion

A secret or illegal cooperation or conspiracy, especially between parties supposed to compete against each other.

Counterfeiting

The illegal imitation of products, currency, or documents with the intent to deceive or defraud.

Trademarked

A symbol, word, or phrase legally registered or established by use as representing a company or product.

Copyrighted

Describes material, such as text, music, or artwork, that is legally protected from unauthorized use without permission from the owner.