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:

Demographic Transition

A model describing how the birth and death rates in a population change from high to low levels as a country develops economically.

Demographic Transition Theory

Argument that countries pass through a consistent sequence of population patterns linked to the degree of development and ending with a low birth and death rate.

Social Change

Significant alteration over time in behavior patterns and cultural values and norms of a society.

Innovations

The introduction or creation of new ideas, methods, products, or services that bring change or improvement.