All of the Following Government Actions Create Barriers to Entry

question 42

Multiple Choice

All of the following government actions create barriers to entry EXCEPT

• A) limiting the number of airlines that may operate and an airport.
• B) granting a patent to a drug company.
• C) requiring a pizza parlor to get a business license.
• D) giving a power company exclusive use of the city's transmission lines.

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Definitions:

Transportation Decisions

Entail choosing the most effective methods and routes for shipping products to meet delivery and cost targets.

Trade-Offs

The balancing act of giving up one thing to gain another, often seen in decision-making processes where compromises are made to achieve a desired outcome.

Third Party Milk Runs

A logistics strategy where a third-party provider collects and delivers small shipments from multiple suppliers in a single trip, increasing efficiency and reducing transportation costs.

LTL Carrier

Less-than-truckload carrier, a transportation service for shipping goods that do not require a full truckload.