Control of a scarce resource or input,economies of scale,technological superiority,network externality,and government-created rules and regulations are forms of:
A) market structure.
B) pricing behavior.
C) barriers to entry.
D) public policy.

Question

Quizplus · Accepted Answer

Control of a scarce resource or input, economies of scale, technological superiority, network externality, and government-created rules and regulations are all barriers to entry. These barriers prevent new firms from entering the market, giving existing firms an advantage in the market. This is a characteristic of market structure, but it specifically refers to the ability of firms to limit competition through these barriers. Pricing behavior and public policy are not directly related to barriers to entry.

Control of a Scarce Resource or Input,economies of Scale,technological Superiority,network