Which of the following industries is least likely to exhibit the characteristic of free entry?
A)bookstores
B)hairstyling salons
C)yoga studios
D)satellite radio

Question

Quizplus · Accepted Answer

Satellite radio is least likely to exhibit the characteristic of free entry because of high entry barriers such as the need for expensive infrastructure, licensing requirements, and limited availability of satellite orbital slots. Bookstores, hairstyling salons, and yoga studios have relatively lower entry barriers and are therefore more likely to exhibit free entry characteristics.

Which of the Following Industries Is Least Likely to Exhibit