Which Is a Barrier to Entry

question 146

Multiple Choice

Which is a barrier to entry?

• A) Close substitutes
• B) Diseconomies of scale
• C) Government licensing
• D) Price-taking behavior

Understand and implement techniques for healthy technology use to prevent eye strain and technology addiction.

Differentiate between front-end and back-end technology components.

Understand the basics of database management, including relationships between tables and primary keys.

Understand the role of SQL in managing and querying relational databases.

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Definitions:

Modern Economies

Economic systems that are characterized by dynamic industrial, technological, and service sectors, often with complex financial and regulatory frameworks.

Specialization

Specialization refers to the process of focusing effort and resources on the production of a particular product or a limited scope of products, leading to increased efficiency.

Specialization and Trade

The economic strategy where individuals or nations focus on producing specific goods or services and exchange them, increasing efficiency and wealth.

Jack-of-all-trades

An individual skilled in many different areas, capable of performing competently in a variety of tasks or professions.