Which of the Following Is Not an Example of a Barrier

question 275

Multiple Choice

Which of the following is not an example of a barrier to entry?

• A)Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
• B)A pharmaceutical company obtains a patent for a specific high blood pressure medication.
• C)A musician obtains a copyright for her original song.
• D)An entrepreneur opens a popular new restaurant.

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Definitions:

Market Price

The present cost for purchasing or selling a product or service in a market setting.

Influence

Influence is the capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Perfectly Competitive Market

A perfectly competitive market is one in which there are many buyers and sellers, all of whom have complete market information, and where the goods being traded are identical, leading to one market price.

Incentive

A factor, monetary or otherwise, that motivates individuals or entities to act in a particular way or to pursue a certain course of action.