An Obstacle That Prohibits New Firms from Entering an Industry

question 135

Multiple Choice

An obstacle that prohibits new firms from entering an industry defines

• A)economies of scale.
• B)barriers to entry.
• C)monopoly power.
• D)natural monopoly.

---

Definitions:

Inhalation Steps

The process involved in the act of breathing in, where air moves from the external environment into the lungs.

Cellular Respiration

A set of metabolic processes that take place within cells to convert biochemical energy from nutrients into adenosine triphosphate (ATP), releasing waste products.

Mitochondria

Organelles within cells that are responsible for producing energy through the process of cellular respiration.

Electron Acceptor

A chemical entity that accepts electrons transferred to it from another compound, crucial in various biological and chemical processes.