Three Natural Barriers to Entry Are

question 164

Multiple Choice

Three natural barriers to entry are

• A) control of resources,patents and copyright law,and licensing.
• B) economies of scale,problems raising capital,and control of resources.
• C) problems raising capital,patents and copyright law,and licensing.
• D) control of resources,patents and copyright law,and economies of scale.
• E) control of resources,economies of scale,and licensing.

---

Definitions:

Output

The amount of products or services that are generated by a company, sector, or nation within a specific timeframe.

Shipping Costs

Expenses associated with the transportation of goods from one location to another, often influencing pricing and supply chain decisions.

Fuel

Substances used to produce energy, especially to power engines, heating, or produce electricity.

Average Total Cost

The average expense for each unit of output, calculated by dividing the overall production cost by the total number of units produced.