Obstacles that prevent other firms from coming into an industry are called:
A) sunk costs.
B) barriers to entry.
C) closed-door entrances.
D) competitive pressures.
Correct Answer:
Verified
Q1: _ is a market structure with one
Q2: In _ market structure, a firm has
Q4: Significant barriers to entry exist in _
Q5: A temporary exclusive right to sell a
Q6: A temporary exclusive right to sell books,
Q7: Patents and copyrights are _ barriers to
Q8: A typical _ lasts 20 years.
A) trademark
B)
Q9: A typical _ lasts 70 years.
A) trademark
B)
Q10: The _ industry benefits a great deal
Q11: The _ industry benefits a great deal
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