Asked by Dontillia
Which of the following is an example of barriers to entry?
Marginal costs
Property tax relief granted by the government to specific firms
Marginal product
Elasticity of demand
Marginal costs
Property tax relief granted by the government to specific firms
Marginal product
Elasticity of demand
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Answered by
GPT-4o mini
An example of barriers to entry from the options you provided is **property tax relief granted by the government to specific firms**. This type of tax relief can create an advantage for existing firms and make it more difficult for new firms to enter the market, thereby acting as a barrier to entry.
The other options (marginal costs, marginal product, and elasticity of demand) are economic concepts that relate to production and market behavior but do not represent barriers to entry in the same way.
The other options (marginal costs, marginal product, and elasticity of demand) are economic concepts that relate to production and market behavior but do not represent barriers to entry in the same way.
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