Which of the following is not a barrier to entry?
A) Patents.
B) Well-established brand loyalty.
C) Control of distribution outlets.
D) Perfect information.
Correct Answer:
Verified
Q21: If two products are homogeneous,then they
A)Are identical.
B)Differ
Q22: In a competitive market,
A)Buyers don't have market
Q23: In a perfectly competitive industry,economic profit:
A)Can persist
Q24: Examples of barriers to entry include
A)Price taking.
B)Patents.
C)Standardized
Q25: Perfectly competitive firms cannot individually affect market
Q27: Which of the following is not a
Q28: The exit of firms from a market,ceteris
Q29: Which of the following is characteristic of
Q30: If the products of two firms are
Q31: Other things being equal,as more firms enter
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents