Which of the Following Is an Example of a Barrier

question 47

Multiple Choice

Which of the following is an example of a barrier to entry?

• A)Matthew offers free samples of his latest flavored coffee drink to entice customers to buy a cup.
• B)Mark charges a lower price to students than to faculty for his tattoo services.
• C)Luke charges a higher hourly price to business students than to liberal arts students for his economics tutoring.
• D)John obtained a copyright for the song he wrote and recorded.

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Definitions:

Net Income

Net Income is the total profit of a company after all expenses and taxes have been deducted from revenue.

Variable Costs

Costs that vary in proportion to the level of production or business activity.

Fixed Costs

Expenses that do not change with the amount of goods or services produced over a short period.

Variable Costs

Costs that vary directly with the level of production or service provision.