Barriers to Entry Are _____,And One Effect of Barriers to Entry

question 109

Multiple Choice

Barriers to entry are _____,and one effect of barriers to entry is to _____ the ability of the invisible hand to allocate resources efficiently.

• A)uncommon today due to antitrust enforcement;improve
• B)forces that limit new firms from joining an industry;reduce
• C)forces that limit new firms from joining an industry;irrelevant to
• D)uncommon today due to antitrust enforcement;reduce

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Definitions:

Life Insurance

A contract between an insurer and a policyholder where the insurer pledges payment of a death benefit to named beneficiaries upon the death of the insured.

Health Insurance

A type of insurance coverage that typically pays for medical, surgical, prescription drug, and sometimes dental expenses incurred by the insured.

Education Loans

Financial loans provided to students to help cover the costs of post-secondary education, which typically have to be repaid with interest after graduation.

Parents Liable

Refers to the legal responsibility of parents for the actions and behaviors of their underage children.