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:

Production Exceeds

The scenario where the output or manufacturing volume surpasses the expected or planned thresholds.

Standard Level

A predefined benchmark or norm that establishes expected performance, quality, or outcomes within an organization or industry.

Incentive Plans

Compensation strategies designed to motivate employees by tying a portion of their pay to specific performance metrics.

Management Support

The assistance, encouragement, and resources provided by management to help employees achieve organizational goals.