Becoming a new provider of hydroelectric power in Quebec is likely difficult and so existing providers do not worry much about new competition. Therefore, the ________ Is/are likely high in this marketplace.
A)business practices or conditions that make it difficult for new firms to enter a market
B)a set of security devices used primarily in automobiles
C)"smart" security devices designed for office buildings
D)a set of rules and procedures that firms in an industry present to new firms in the industry

Question

Quizplus · Accepted Answer

The term in question describes barriers to entry, which are factors that make it difficult for new firms to enter a market. The fact that existing providers in Quebec do not worry about new competition suggests that the barriers to entry are high in this market.

Becoming a New Provider of Hydroelectric Power in Quebec Is