Asked by
samuel jijon
on Oct 27, 2024Verified
Entry barriers:
A) exist in all market structures.
B) exist in perfect competition and monopolistically competitive markets.
C) do not exist in any market structures;otherwise nothing would be produced.
D) exist in monopoly and oligopoly markets.
Entry Barriers
Factors that prevent or hinder the ability of a new firm to enter and compete in an industry.
Market Structures
The organizational and other characteristics of a market, including the number and size of firms, extent of competition, and type of product differentiation, impacting the behaviour and profitability of businesses within the market.
- Determine the impacts of entry obstacles on market configurations and competitive dynamics.
Verified Answer
BD
Learning Objectives
- Determine the impacts of entry obstacles on market configurations and competitive dynamics.
Related questions
Control of a Scarce Resource or Input,economies of Scale,technological Superiority,and ...
Suppose a Market Is Initially Competitive with Many Firms Selling ...
A Monopoly Is an Industry with ...
In a Monopolistic Industry, There Is(are) ________ Firm(s) and ________ ...
Barriers to Entry Only Exist for Monopoly Markets