Which of the Following Is Not a Barrier to Entry

question 73

Multiple Choice

Which of the following is not a barrier to entry?

• A)an inelastic demand curve
• B)economies of scale
• C)ownership of a key input
• D)a patent

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another, a common practice in contracts and financial transactions.

Delegation

The process of assigning responsibility and authority to another person to carry out specific activities.

Substantial Performance

A legal concept indicating that a party has completed enough of its contractual obligations to warrant payment or another form of compensation, even if minor details remain unfulfilled.

Agency

A relationship between two parties, where one party (the agent) is authorized to act on behalf of another (the principal) in business transactions.