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:

Talking

The act of communicating verbally, using spoken words to convey ideas, thoughts, or feelings.

Compensate

To make amends; be equivalent to.

Hearing Loss

A partial or total inability to hear, which can be due to genetic factors, aging, exposure to noise, or medical conditions.

Read Lips

The skill of understanding spoken words by visually observing the movement of a speaker's lips, commonly used by the hearing impaired.