When Economists Talk About a Barrier to Entry, They Are

question 251

Multiple Choice

When economists talk about a barrier to entry, they are referring to

• A) a factor that makes it difficult for potential competitors to enter a market.
• B) the opportunity cost of equity capital that is incurred by a firm producing at minimum total cost.
• C) the downward-sloping portion of the long-run average total cost curve.
• D) the declining output experienced as additional units of a variable input are used with a given amount of a fixed input.

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