Which of the Following Is Not a Barrier to Entry

question 47

Multiple Choice

Which of the following is not a barrier to entry in a monopolised market?

• A) A single firm is very large.
• B) The government gives a single firm the exclusive right to produce some good.
• C) The costs of production make a single producer more efficient than a large number of producers.
• D) A key resource is owned by a single firm.

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Definitions:

Atomic Sentences

Simple, indivisible sentences in logic that assert a basic proposition without the use of connectives or complex structures.

Truth Values

The valuation of a statement as either true or false in logic.

Short Form Truth Table

A method of using truth tables that focuses only on the relevant combinations of truth values that could affect the outcome.

Atomic Sentences

Simple statements that contain no logical connectives or quantifiers, representing the most basic elements of logic.