Which of the Following Is NOT Considered a Barrier to Entry

question 47

Multiple Choice

Which of the following is NOT considered a barrier to entry in a market for a retailer?

• A)market dominated by a few large competitors with scale economies
• B)market dominated by a well-established retailer that has developed a loyal group of customers
• C)market with many vendors
• D)market with no good locations
• E)competitive rivalry

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Definitions:

Marginal Social Cost

The additional cost to society of producing one extra unit of a good or service.

Garbage Disposal

A device installed under a kitchen sink that shreds food waste into small pieces to pass through plumbing.

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and lower energy usage and pollution.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.