Anything that makes it difficult for a new competitor to enter a market even if there is profit is called ______.Multiple choice question.a barrier to entry.an unfair practice.discrimination.

Multiple Choice QuestionThe strongest barriers to entry effectively block all Blank______.Multiple choice question.monopolistic situationspotential competitionmarketing effortseconomies of scale

In economics, we refer to a situation in which there is only one firm but no real barriers to entry as a(n) ______.Multiple choice question.monopoly marketmonopolistically competitive marketduopoly marketcontestable market

Multiple Choice QuestionWhat is the term for factors that prohibit firms from entering an industry?Multiple choice question.Barriers to businessReduction of entryBarriers to entryLack of entry

Multiple Choice QuestionBlank______ create(s) legal barriers to entry.Multiple choice question.The marketFirmsCompetitorsGovernment

Multiple Choice QuestionMarket segregation must exist in order for a monopolist to Blank______.Multiple choice question.prevent entry of new firmsbe a natural monopolyprice discriminateimprove technologies