Solved

Which of the Following Is an Example of a Barrier

Question 13

Multiple Choice

Which of the following is an example of a barrier to entry?


A) A firm is open for business only at certain hours of the day, and has its doors locked at other times.
B) The government grants licenses to taxicab drivers, without which it is illegal to operate a taxicab.
C) A newspaper sells advertising space to businesses.
D) A firm is lacking a Web site.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q8: Table 7.1 -Refer</p></div><svg width=

Q9: A network externality occurs when
A) a firm

Q10: When economists say a market has "barriers

Q11: A firm that has market power has

Q12: Table 7.1 -Refer</p></div><svg width=

Q14: Which of the following is NOT a

Q15: When a firm is awarded a patent,

Q16: Which of the following firms rely on

Q17: Table 7.1 -Refer</p></div><svg width=

Q18: A market served by only one firm

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents