Which of the following is an example of a barrier to entry? (i) A key resource is owned by a single firm.
(ii) The costs of production make a single producer more efficient than a large number of producers.
(iii) The government has given the existing monopoly the exclusive right to produce the good.
A)(i) and (ii)
B)(ii) and (iii)
C)(i) only
D)All of the above are examples of barriers to entry.

Question

Which of the following is an example of a barrier to entry? (i)	A key resource is owned by a single firm.
(ii)	The costs of production make a single producer more efficient than a large number of producers.
(iii)	The government has given the existing monopoly the exclusive right to produce the good.
A)(i) and (ii)
B)(ii) and (iii)
C)(i) only
D)All of the above are examples of barriers to entry.

Quizplus · Accepted Answer

All three options describe scenarios that can prevent new competitors from entering a market: (i) control of a key resource, (ii) economies of scale, and (iii) government-granted monopolies.

Which of the Following Is an Example of a Barrier