Which of the Following Is Not an Example of a Barrier

question 275

Multiple Choice

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

• A)Mighty Mitch's Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
• B)A pharmaceutical company obtains a patent for a specific high blood pressure medication.
• C)A musician obtains a copyright for her original song.
• D)An entrepreneur opens a popular new restaurant.

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Definitions:

Marginal Cost

The expenditure involved in fabricating one more unit of a product or service.

Average Total Cost

Average total cost is the total cost of production divided by the quantity of output produced, indicating the cost on a per-unit basis.

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Marginal Cost

The cost associated with producing an additional unit of output, emphasizing the concept of incremental expense in production processes.