A Natural Barrier to Entry Is Defined as a Barrier

question 22

Multiple Choice

A natural barrier to entry is defined as a barrier that arises because of

• A) technology that allows one firm to meet the entire market demand at lower average total cost than could two or more firms.
• B) patents or licenses that exclude others from producing a good or service.
• C) many firms producing the good and thereby allowing choice for all consumers.
• D) anticompetitive practices by a firm that keep other firms from producing.
• E) one firm owning a key natural resource.

---

Definitions:

Leadership

The activity of directing or guiding a collective towards the attainment of a mutual aim.

Dyadic Explanations

These involve understanding relationships or phenomena in terms of the interaction between two entities or individuals.

Assumptions

Beliefs or ideas taken for granted without proof, often used as a basis for reasoning and decision-making.

Leader's Influence

The impact a leader has on their team's behavior, attitudes, and performance.