Which of the Following Would Not Bar Entry into a Market

question 9

Multiple Choice

Which of the following would not bar entry into a market?

• A)control by a single firm of an essential resource
• B)the necessity of taking risks when starting a firm
• C)patents
• D)economies of scale
• E)government regulations limiting the number of firms in an industry

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Definitions:

Charging Price

The act of setting a specific price for a product or service offered to consumers.

Profit Maximizing

The process or strategy aimed at achieving the highest possible profit within a given business context.

Monopolist

An individual or entity that has exclusive control over the production and sale of a particular product or service, preventing other entities from entering the market.

Output Units

The quantity of goods or services produced by a company or an economy.