There Are Several Types of Barriers to Entry That Can

question 113

Multiple Choice

There are several types of barriers to entry that can create a monopoly.Which of the following barriers is the result of government action?

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

---

Definitions:

Precedent

A court decision that furnishes authority for deciding later cases in which similar facts are presented.

Statutory Law

Law enacted by a legislative body, forming a codified set of rules that are legally enforceable.

Annual Mortality Rate

The proportion of individuals in a population who die within a one-year period, often expressed per 1,000 or 100,000 persons.

Medical Technology

The application of scientific research and equipment to improve the diagnosis, treatment, and prevention of diseases and health conditions.