Which of the Following Can Serve as a Barrier to Entry

question 127

Multiple Choice

Which of the following can serve as a barrier to entry?

• A) legal restrictions
• B) specialization and division of labour
• C) shortage of resources
• D) the law of supply

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Definitions:

Income Tax Formula

The calculation used to determine the amount of income tax that an individual or entity owes to the government.

Taxpayers

Persons or organizations required to remit taxes to a government at the federal, state, or local level.

Tax Credits

Amounts that taxpayers can subtract directly from the taxes they owe to the government, rather than from taxable income.

Form 1040EZ

A simplified tax form for individuals with uncomplicated tax situations, no longer in use after 2018.