Which of the Following Barriers to Entry Occurs When a Buyer's

question 18

Multiple Choice

 Which of the following barriers to entry occurs when a buyer's willingness to pay for a product increases as the number of other buyers for the industry's product increases?

• A) Supply-side economies of scale
• B) Restrictive government policy
• C) Demand-side benefits of scale
• D) Customer switching costs

---

Definitions:

External Validity

The degree to which the results of a study may be generalized beyond that study.

Alcohol

A psychoactive substance commonly found in beverages such as beer, wine, and spirits, known for its depressant effects on the central nervous system.

Pregnancy

The condition of being pregnant, involving the development of a fetus inside a woman's uterus.

Direction of Magnitude

The attribute of comparing two values or entities that indicates the relationship in terms of greater than, less than, or equal to.