Which of the Following Is Not an Example of a Barrier

question 48

Multiple Choice

Which of the following is not an example of a barrier to entry?

• A)A soybean farmer is the first in her county to use a new brand of fertilizer.
• B)Microsoft obtains a copyright for its Windows operating system.
• C)A pharmaceutical company obtains a patent for a new medication to treat migraine headaches.
• D)A taxi cab driver in New York City obtains a license to legally provide transportation in New York City.

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Definitions:

Operating Profit

Income from business operations after operating expenses are subtracted from gross profits, but before taxes and interest expenses.

Operating Expense

ongoing costs for running a product, business, or system.

Operating Profit

The earnings of a business from its core operations, excluding the effects of interest and taxes.

Mark-up

The surplus added onto the base cost of products intended to cover operational costs and generate profit.