Multiple Choice
Barriers to entry are characteristics of a particular market:
A) in which the industry can make it so difficult for entry that only a few firms can do so, and this leads to monopoly power.
B) that block new firms from entering.
C) which include economies of scale, location advantages, and high sunk costs.
D) all of the above are true.
Correct Answer:
Verified
Correct Answer:
Verified
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