Which of the Following Is Most Likely to Act as a Barrier

question 141

Multiple Choice

Which of the following is most likely to act as a barrier to entry in an oligopoly?​

• A)The profit earned by existing firms in the short run
• B)Poorly defined property rights​
• C)A well-established brand name​
• D)A high price charged for the products​
• E)A fall in the output produced by firms​

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Definitions:

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services within a certain area or country.

Dishwasher

A machine used for automatically washing dishes and utensils.

Delivery Driver

A person employed to transport and deliver goods, packages, or food to various destinations, often requiring navigation skills and customer interaction.

Productivity

The efficiency at which goods or services are produced, often measured by the amount of output per unit of input.