Which of the Following Is Not a Barrier to Entry

question 25

Multiple Choice

Which of the following is not a barrier to entry?

• A)Legal restrictions
• B)Patents
• C)Large sunk costs
• D)Survivor rights

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Definitions:

Formal

Pertains to actions, processes, or documents that are done in accordance with established or conventional rules.

Note Receivable

A financial asset representing a written promise to receive a specific sum of money at a future date.

Other Receivables

Financial claims against entities other than customers, which might include tax refunds, interest due, and insurance claims.

Noncurrent Assets

Noncurrent assets are long-term assets that are not expected to be converted into cash or used up within one year, including property, plant, and equipment.