Exhibit 24-9 Refer to Exhibit 24-9. There ___________ barriers to entry in a perfectly competitive market. There ____________ barriers to entry in monopolistic competition. There ____________ barriers to entry in oligopoly. There ____________ barriers to entry in monopoly. [Your answers should fill in blanks (H), (I), (J)and (K), respectively.]
A)are; are; are no; are no
B)are no; are; are; are no
C)are no; are no; are; are
D)are no; are; are; are

Question

Exhibit 24-9 ​  Refer to Exhibit 24-9. There ___________ barriers to entry in a perfectly competitive market.  There ____________  barriers to entry in monopolistic competition.  There ____________  barriers to entry in oligopoly. There ____________ barriers to entry in monopoly.  [Your answers should fill in blanks (H), (I), (J)and (K), respectively.]
A)are; are; are no; are no 
B)are no; are; are; are no 
C)are no; are no; are; are 
D)are no; are; are; are

Quizplus · Accepted Answer

In a perfectly competitive market, there are no barriers to entry. In monopolistic competition, there are no barriers to entry as well. In oligopoly, there are barriers to entry, such as high startup costs, economies of scale, and government regulations. In monopoly, there are significant barriers to entry, such as patents, control over essential resources, and government regulations. Therefore, the correct choice is C, which correctly identifies the barriers to entry in each market structure.

Exhibit 24-9 ​ Refer to Exhibit 24-9

Exhibit 24-9 Refer to Exhibit 24-9