Which of the following industries is least likely to exhibit the characteristic of free entry?
A)ethnic restaurants
B)municipal water and sewer
C)corn farming
D)grocery stores

Question

Quizplus · Accepted Answer

Municipal water and sewer is a highly regulated and essential service with large fixed costs and significant barriers to entry such as obtaining permits and licenses. This makes it less likely to exhibit the characteristic of free entry compared to the other industries listed.

Which of the Following Industries Is Least Likely to Exhibit