There Are Several Types of Barriers to Entry That Can

question 113

Multiple Choice

There are several types of barriers to entry that can create a monopoly.Which of the following barriers is the result of government action?

• A)network externalities
• B)public franchise
• C)economies of scale
• D)control of a key resource

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Definitions:

Systematic Study

A structured investigation aimed at understanding phenomena, following a methodical and organized approach to obtain reliable and valid results.

Behavior

Actions or reactions of an individual or group in response to external or internal stimuli.

Past Behaviors

Actions or conduct exhibited by an individual in previous situations, often used as indicators or predictors of future behavior.

Current Motivations

The current drives, desires, or needs that propel an individual towards taking action or achieving goals.