Which of the Following Is NOT an Example of a Natural

question 41

Multiple Choice

Which of the following is NOT an example of a natural barrier to entry?

• A) A software firm cannot get a loan to fund development of a new computer operating system.
• B) A manufacturing firm has to buy a rare metal from the one company that controls most of the worldwide supply.
• C) A small soft-drink company struggles to produce its product as cheaply as its much larger competitor can.
• D) A single utility firm can deliver services to every home in an area more efficiently than a cluster of competing firms could.
• E) A patent gives a pharmaceutical firm the exclusive right to manufacture and sell an anticancer drug.

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Definitions:

Retrieval Failure

The inability to recall information that is stored in memory, often due to interference or the passing of time.

Ineffective Encoding

A failure in the process of storing new information in a manner that makes it easy to retrieve later, often leading to forgetfulness.

Elizabeth Loftus

A cognitive psychologist best known for her work on the malleability of human memory and the misinformation effect.

Repressed Memories

Memories unintentionally hidden from consciousness due to their connection with significant trauma or stress.