Which One of the Following Is a Natural Barrier to Firms

question 24

Multiple Choice

Which one of the following is a natural barrier to firms entering an industry?

• A)decreasing returns to scale
• B)a positively sloped LRAC curve over the whole range of output
• C)a negatively sloped LRAC curve over the whole range of output
• D)threats of punitive price-cutting by existing producers
• E)licensing and patent restrictions

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Definitions:

String Object

An object in programming that represents a sequence of characters used to store and manipulate text.

Collection Object

An object that groups multiple elements into a single unit, typically provided by a collection framework in languages like Java.

For Loop

A control flow statement in programming that repeatedly executes a block of code a set number of times or while a certain condition is true.

Integer Array

A data structure that stores a fixed number of integer values in a single variable, allowing for efficient storage and manipulation of integer sequences.