Which of the Following Is an Example of a Barrier

question 410

Multiple Choice

Which of the following is an example of a barrier to entry? (i)
A key resource is owned by a single firm.
(ii)
The costs of production make a single producer more efficient than a large number of producers.
(iii)
The government has given the existing monopolist the exclusive right to produce the good.

• A)(i) and (ii) only
• B)(ii) and (iii) only
• C)(i) only
• D)(i), (ii), and (iii)

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Definitions:

Load

Load involves the amount of work, stress, or pressure applied on a system, structure, or individual, often assessed to manage capacity and performance.

Collection Point

A designated location where goods are gathered or aggregated from various sources, typically for further distribution or processing.

Load

The total demand for power or the amount of work assigned to a particular machine, system, or network over a specific period.

Coordinates

Represents a set of numerical values that specify the location of a point in a space, usually defined by latitude and longitude or by Cartesian x, y, z axis values.