Which of the following is an example of a barrier to entry? i) A key resource is owned by a single firm.
Ii) The costs of production make a single producer more efficient than a large number of producers.
Iii) The government has given the existing monopolist the exclusive right to produce the good.
A) i) and ii) only
B) ii) and iii) only
C) i) only
D) i), ii), and iii)

Question

Quizplus · Accepted Answer

All three options are examples of barriers to entry: i) control of a key resource, ii) economies of scale, and iii) government-granted monopoly rights.

Which of the Following Is an Example of a Barrier