All of the following are considered input barriers to entry except:
A) control of a key raw material by a single firm.
B) the ability to obtain financing for capital projects at more favorable rates than potential competitors.
C) the fact that workers in a particular industry belong to a union.
D) a patent on a specialized type of capital that is needed to produce a particular product.
C
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Deviations from PPP
A) may be due to the differential speed of adjustment between exchange rates and prices. B) may occur when international trade involves lags between order and delivery. C) may appear during periods dominated by news or unexpected events. D) All of the above.
In the "fooling" model, it is assumed that ________ can have inaccurate perceptions of the price level in the economy
A) workers B) firms C) workers and firms D) neither workers nor firms