Answered: An example of a barrier to entry in a…

An example of a barrier to entry in a market is: A. Lack of profitable opportunities. B. Increasing cost of production. C. Inelastic market demand. D. Government licensing requirement.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 4QCMC

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Question

An example of a barrier to entry in a market is:
A. Lack of profitable opportunities.
B. Increasing cost of production.
C. Inelastic market demand.
D. Government licensing requirement.

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