Which of the Following Describes a Barrier to Entry

question 161

Multiple Choice

Which of the following describes a barrier to entry?

• A) something that establishes a barrier to expanding output
• B) anything that protects a firm from the arrival of new competitors
• C) a government regulation that bars a monopoly from earning an economic profit
• D) firms already in the market incurring economic losses so that no new firm wants to enter the market
• E) Firms are legally prohibited from exiting the market in order to enter another market.

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Definitions:

Personal Email

An email address provided by a webmail provider that is used for personal rather than business or official communication.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by feelings of disdain for other groups.

Impression Management

The systematic attempt to influence how others perceive us.

Culture Shock

The confusion and discomfort a person experiences when in an unfamiliar culture.