Which of the following items is a primary source of barriers to entry?
A)The costs of production make a single firm more efficient than a large number of firms.
B)A single firm hires all the people who have the management skills that are important in the industry.
C)Contracts among firms prohibit them from competing with one another in the production and sale of certain products.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following items is a primary source of barriers to entry?
A)The costs of production make a single firm more efficient than a large number of firms.
B)A single firm hires all the people who have the management skills that are important in the industry.
C)Contracts among firms prohibit them from competing with one another in the production and sale of certain products.
D)All of the above are correct.

Which of the Following Items Is a Primary Source of Barriers