What Is the Function of a Barrier to Entry When

question 132

Multiple Choice

What is the function of a barrier to entry when used in the description of a market structure?

• A) It prevents a consumer from purchasing a product.
• B) It prevents a firm from changing its product's features.
• C) It makes it difficult for a new firm to join an industry.
• D) It makes it difficult for firms to sell their output.

---

Definitions:

Hegemony

Domination through ideological control and consent.

Popular Culture

The set of practices, beliefs, and objects that are dominant or prevalent in a society at a given point in time, often disseminated through mass media.

Bell Hooks's Feminism

A perspective on feminism articulated by Bell Hooks that emphasizes the interconnectivity of race, capitalism, and gender, advocating for a movement against all forms of oppression.

Marx's Conception

Karl Marx's theory on societal development which emphasizes the role of class struggle, the economic base of society, and the importance of material conditions.