Which of the Following Is NOT Potentially a Barrier to Entry

question 150

Multiple Choice

Which of the following is NOT potentially a barrier to entry into a product market?

• A) patent protection on the design of the product
• B) the absence of economies of scale in the product market
• C) the control of a crucial input necessary to produce the product
• D) government licensing of the product's producers

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Definitions:

Implied Warranty of Merchantability

A legal presumption that goods sold by a merchant are fit for the general purpose for which they are sold and meet the standards of quality and performance that are reasonable to expect.

Disclaimer

A statement that denies responsibility or affiliation with information, products, or services.

Express Warranty

A legal term referring to a formal, written guarantee by a seller to a buyer that a product or service meets certain specifications.

Affirmations

Positive statements or declarations, often used in contracts, that something is true.