A Patent or Copyright Is a Barrier to Entry Based

question 106

Multiple Choice

A patent or copyright is a barrier to entry based on

• A)ownership of a key necessary raw material.
• B)large economies of scale as output increases.
• C)government action to protect a producer.
• D)widespread network externalities.

---

Definitions:

Ethnic Group

A group of people or population united by shared cultural heritage or ancestry.

Racial Group

A category of people who share distinctive physical traits and are considered a single group by society.

SES Group

Socioeconomic status group, categorizing individuals or families based on income, education, and job status.

Socioeconomic Status

A measure of an individual's or family’s social standing or class, determined by a combination of income, education, and occupation.