All of the Following Are Barriers to Entry Except

question 129

Multiple Choice

All of the following are barriers to entry except

• A)required scale for innovation.
• B)government deregulation.
• C)economies of scale.
• D)economies of being established.

---

Definitions:

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

Willingness to Pay

The maximum amount an individual is prepared to spend to acquire a good or service or avoid something undesirable.

Consumer Surplus

The gap between what consumers are prepared to pay for a product or service and what they end up spending.

Market Price

The current value at which a good or service is bought or sold in the market, typically influenced by the forces of supply and demand.