Offer one example of a barrier to entry created by the market (as opposed to being created by the market). Explain why your example serves as barriers to entry.
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- Offer one example of a barrier to entry created by the market (as opposed to being created by the market). Explain why your example serves as barriers to entry.
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- Classify the following as a government-enforced barrier to entry, a barrier to entry that is not governmentenforced, or a situation that does not involve a barrier to entry. a. A city passes a law on how many licenses it will issue for taxicabs b. A city passes a law that all taxicab drivers must pass a driving safety test and have insurance c. A well-known trademark d. Owning a spring that offers very pure water e. An industry where economies of scale are very large compared to the size of demand in the marketWhich of the following is least likely to present a barrier to entry into a market? A. Patent laws B. Technological advantages C. Economies of scale D. Products are considered identicalQuestion 3 Which of the following is NOT an example of a barrier to entry? Group of answer choices A musician obtains a copyright for her original song. An entrepreneur opens a popular new restaurant. A pharmaceutical company obtains a patent for a specific high blood pressure medication. Mighty Mitch’s Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.
- If you were developing a product (like a web browser) for a market with significant barriers to entry, how would you try to get your product into the market successfully?What are two examples of barriers to entry?Question 3 Which of the following is not an example of a barrier to entry? Group of answer choices A poet obtains a copyright for her original poem. NewAge Springs Company owns a mineral spring that has a unique combination of naturally occurring minerals in it. A brewer opens a popular new brewpub. A biotech company obtains a patent for a new technology for detecting viruses from blood samples..
- What are the limitations of a monopoly? Provide ONE example of a policy we can use to address monopolies.Which of the following describes the type of entry barrier faced for hotels? A. There is a natural entry barrier for taxicabs because entry into the market has been limited through quotas. B. There is a natural entry barrier for hotels because entry into the market has been limited by the economies of scale. C. There is a created entry barrier for hotels because entry into the market has been limited by the economies of scale. D. There is a created entry barrier for hotels because entry into the market has been limited through limited access to key natural resources.All barriers to entry are not created through market conditions. Barriers to entry, such as patents, licenses, or international trade restrictions, may be government imposed. How do government–imposed barriers such as patents impact consumers and suppliers in these markets?
- Which of the following describes the type of entry barrier faced for taxicabs? A. There is a natural entry barrier for taxicabs because entry into the market has been limited through price cutting B. There is a natural entry barrier for taxicabs because entry into the market has been limited through quotas. C. There is a created entry barrier for taxicabs because entry into the market has been Ilimited through quotas. D. There is a created entry barrier for taxicabs because entry into the market has been limited through limited access to key natural resources.Give an example of entry barriers. Do entry barriers provide an opportunity for businesses to exploit consumers, or do entry barriers reflect businesses with sustained histories of providing good value to customers?In this question, you will discuss the general case of positive externalities in a monopolist’s presence. what is the impact of a monopolist’s presence on a market without positive externalities? Does monopolist hurt the overall social gain (i.e., total surplus or total welfare)? Please explain. Could a monopolist improve the competitive market outcome for a good or a service with positive externalities (and no government intervention to correct it)? Why or why not? Please explain.
