A Natural Barrier to Entry Is Defined as a Barrier

question 22

Multiple Choice

A natural barrier to entry is defined as a barrier that arises because of

• A) technology that allows one firm to meet the entire market demand at lower average total cost than could two or more firms.
• B) patents or licenses that exclude others from producing a good or service.
• C) many firms producing the good and thereby allowing choice for all consumers.
• D) anticompetitive practices by a firm that keep other firms from producing.
• E) one firm owning a key natural resource.

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Definitions:

Psychopathy

A personality disorder characterized by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, and egotistical traits.

Emotional

Pertaining to feelings or the ability to be aware of, understand, and express one's feelings.

Behavioral

Pertaining to the actions or reactions of a person or animal in response to external or internal stimuli.

Interpersonal Features

Characteristics or aspects of interactions among people, including communication styles, relationship dynamics, and social behaviors.