Which of the Following Can Be a Barrier to Entry

question 255

Multiple Choice

Which of the following can be a barrier to entry, closing a market to new firms?

• A) An elastic industry demand curve
• B) Control of a vital resource by one producer
• C) Diseconomies of scale
• D) Ease of obtaining capital financing

Interpret graphical representations of production functions such as total product and marginal product curves.

Apply the concepts of production and productivity to real-world business decisions.

Recognize the impact of adding labor on total and marginal product in different production scenarios.

Grasp the significance of planning periods in making firm decisions on inputs.

---

Definitions:

Abuse Drugs

The improper or hazardous use of chemical substances for non-medical reasons, often leading to addiction, physical, and mental health problems.

Conscientiousness

A feature indicating a person's preference for order, their trustworthy nature, and their profound sense of dedication to tasks.

Gregariousness

The quality of being fond of company; sociability.

Cheerfulness

A state of being noticeably happy and optimistic.