Which of the Following Items Is a Primary Source of Barriers

question 281

Multiple Choice

Which of the following items is a primary source of barriers to entry?

• A)The costs of production make a single firm more efficient than a large number of firms.
• B)A single firm hires all the people who have the management skills that are important in the industry.
• C)Contracts among firms prohibit them from competing with one another in the production and sale of certain products.
• D)All of the above are correct.

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Definitions:

Frontal Lobe

The part of the brain located at the front of the skull, responsible for voluntary movement, expressive language, and managing higher level executive functions.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Positive-emotion Words

Words that are used to express or evoke feelings of joy, happiness, love, and other positive emotions.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.