An example of a barrier to entry is
A. plentiful natural resources.
B. helpful government regulation.
C. lack of a key resource.
D. low-cost resources.
Answer: C
You might also like to view...
Slope is calculated as rise / run
Indicate whether the statement is true or false
Over a year, the money supply in a nation grew by 6 percent, while velocity fell by 1 percent and real GDP rose by 2 percent. This results in an inflation over the year of ________ percent
A) 9 B) 7 C) 5 D) 3
According to the law of supply
A) people buy more of a good when the price increases. B) people buy less of a good when the price decreases. C) producers provide more of a good when the price decreases. D) producers provide less of a good when the price decreases.
The opportunity cost of any decision is the forgone value of the next best alternative that is not chosen
a. True b. False Indicate whether the statement is true or false