Which One of the Following Is Not a Possible Barrier

question 149

Multiple Choice

Which one of the following is not a possible barrier to entry high enough to keep competing firms out of a monopoly industry?

• A)The monopoly firm has control of a key resource necessary to produce a good.
• B)There are important network externalities in supplying a good or service.
• C)large economies of scale that result in a natural monopoly
• D)a high concentration ratio

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Definitions:

Chain of Command

The hierarchy of authority in an organization that determines how instructions are passed down and accountability is enforced.

Formal Channels

Established pathways for communication within an organization, typically outlined in its hierarchy or organizational structure.

Grapevines

Informal communication channels within organizations where information, rumors, and gossip are spread unofficially among employees.

Incorrect Information

Data or facts that are wrong, misleading, or inaccurately presented.