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

Kendalyn Pearce · Accepted Answer

Final Answer : C, Explanation :  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 government-set rules and regulations are forms of:

A) market structure.
B) pricing behavior.
C) barriers to entry.
D) public policy.

Definitions

Learning Objectives

Learning Objectives

Related questions

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.

Definitions

Learning Objectives

Learning Objectives

Related questions

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.