Conditions Which May Prevent New Firms from Entering an Industry

question 14

Multiple Choice

Conditions which may prevent new firms from entering an industry (i.e. ,the use of patents) are referred to as

• A)barriers to entry.
• B)roadblocks.
• C)unfair trade practices.
• D)insider trading.
• E)trade protectionism.

---

Definitions:

Thionyl Chloride

A reactive chemical compound used for converting alcohols into chlorides and as a reagent in various organic synthesis reactions.

Organic Product

A chemical compound or substance that is based on carbon skeletons and is produced by living organisms.

Ethyl Cyclohexyl Ketone

An organic compound featuring a ketone group (C=O) bonded to an ethyl group and a cyclohexyl group.

Cyclohexanecarboxylic Acid

A carboxylic acid that features a cyclohexane ring attached to a carboxyl (-COOH) group.