A barrier to entry
A. usually takes the form of a cartel.
B. slows or even prevents entry into a market.
C. can be thought of as unrelated to monopoly.
D. makes it illegal for firms to enter the industry.
Answer: B
You might also like to view...
A financial market in which only short-term debt instruments are traded is called the ________ market
A) bond B) money C) capital D) stock
Protectionist policies such as tariffs and quotas are beneficial to the nation imposing those trade barriers
a. True b. False Indicate whether the statement is true or false
Which country was among the lowest ranking by the World Bank for effective protection of property rights and rule-based governance?
a. North Korea b. Cuba c. Afghanistan d. Iraq
Many species of animals are common resources, and many must be protected by law to keep them from extinction. Why is the cow not one of these endangered species even though there is such a high demand for beef?
a. Cows reproduce at a high rate and have adapted well to their environment. b. Public policies protect cows from predators and diseases. c. Cows are privately owned, whereas many endangered species are owned by no one. d. There is a natural ecological balance between the birth rate of cows and human consumption.