Control of a scarce resource or input,economies of scale,technological superiority,and government-set 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, economies of scale, and technological superiority are all examples of barriers to entry. These barriers make it difficult for new firms to enter a market, which can result in limited competition and higher profits for existing firms. Government-set rules and regulations, on the other hand, are a form of public policy that can affect the market structure, but they may or may not act as a barrier to entry. Pricing behavior is not a form of barrier to entry or public policy, but rather a strategic decision made by firms in response to market conditions.

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