Which of the Following Is Not a Barrier to Entry

question 73

Multiple Choice

Which of the following is not a barrier to entry?

• A)an inelastic demand curve
• B)economies of scale
• C)ownership of a key input
• D)a patent

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Definitions:

Inventory Shrinkage

The loss of products between purchase from a supplier and sale to customers, often due to theft, damage, or errors.

Multiple-Step Income Statement

An income statement that separates operating items from non-operating items and calculates net income in several steps or stages.

Trade Discount

A reduction in the list price granted by a seller to a buyer, usually based on volume purchased or to maintain a business relationship.

Selling Expenses

Costs incurred directly and indirectly from the sale of goods or services, such as advertising, shipping, and sales staff salaries.