In the long run, a company's ability to maintain profits depends on:
A)low costs.
B)high demand.
C)barriers to entry.
D)marginal costs.

Name: In the long run, a company's ability to maintain profits depends on: A)low costs. B)high demand. C)barriers to entry. D)marginal costs.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

Barriers to entry help maintain profits by preventing new competitors from entering the market and eroding market share and pricing power.

In the Long Run, a Company's Ability to Maintain Profits