Which of the Following Is an Example of a Barrier

question 185

Multiple Choice

Which of the following is an example of a barrier to entry? (i) A key resource is owned by a single firm.
(ii) The costs of production make a single producer more efficient than a large number of producers.
(iii) The government has given the existing monopoly the exclusive right to produce the good.

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) only
• D)All of the above are examples of barriers to entry.

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Definitions:

Chorion

The outermost membrane surrounding an embryo in mammals, including humans, contributing to the formation of the placenta.

Allantois

An extra-embryonic membrane in birds and reptiles, involved in gas exchange and waste storage during development.

Amnion

A membranous sac that surrounds and protects an embryo or fetus in the amniotic cavity of vertebrates.

Yolk Sac

An extra-embryonic membrane in many vertebrates that provides food for the embryo via absorbed nutrients.