Which One of the Following Is Not a Possible Barrier

question 149

Multiple Choice

Which one of the following is not a possible barrier to entry high enough to keep competing firms out of a monopoly industry?

• A)The monopoly firm has control of a key resource necessary to produce a good.
• B)There are important network externalities in supplying a good or service.
• C)large economies of scale that result in a natural monopoly
• D)a high concentration ratio

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Definitions:

Product Demand

The desire and willingness of consumers to purchase a particular product, influenced by factors like price, quality, and trends.

Innovative Products

Goods that introduce new features, functionalities, or efficiencies, offering novel solutions to consumers or improving upon existing products.

Existing Products

Goods or services that a company has been offering to the market, as opposed to newly developed offerings.

Business Analysis

The practice of identifying business needs and finding solutions to business problems, often involving the evaluation of business structure, processes, and operations.