There Are Several Types of Barriers to Entry That Can

question 126

Multiple Choice

There are several types of barriers to entry that can create a monopoly.The barrier to entry that is the result of government action is

• A)network externalities
• B)public franchise
• C)economies of scale
• D)control of a key resource

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Definitions:

Socialism

A political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.

Employee Theft

The unauthorized taking of company property, whether tangible or intangible, by employees for personal use.

Mechanical Solidarity

A form of social cohesion that arises when people in a society maintain similar values and beliefs and engage in similar types of work.

Alienation

A feeling of disconnection or estrangement from one's work, society, or self, often discussed in the context of labor and industrial relations.