Which of the Following Is Most Likely to Act as a Barrier

question 30

Multiple Choice

Which of the following is most likely to act as a barrier to entry in an oligopoly?

• A)the profit earned by existing firms in the short run
• B)poorly defined property rights
• C)a well-established brand name
• D)a high price charged for the products
• E)a fall in the output produced by firms

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Definitions:

Keiretsu

A network of interconnected Japanese companies, often family-owned, that form a close-knit alliance to work together and support each other's business.

Competitive Bidding

A procurement process where suppliers submit price bids to win a contract to provide goods or services.

Outsourcing

The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.

Supply-Chain Strategy

The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.