Which of the following statements is correct? Answer Barriers to entry do not af

Question

Which of the following statements is correct? Answer
Barriers to entry do not affect the industry structure.
Barriers to entry affect the competitiveness of an industry because they determine whether or not typical firms in an industry will face new competition if they are earning above normal returns on investment.
Barriers to entry are highest for monopolistic competition.
Barriers to entry can be achieved only through government mandate. Which of the following statements is correct? Which of the following statements is correct? Barriers to entry do not affect the industry structure. Barriers to entry affect the competitiveness of an industry because they determine whether or not typical firms in an industry will face new competition if they are earning above normal returns on investment. Barriers to entry are highest for monopolistic competition. Barriers to entry can be achieved only through government mandate.
Barriers to entry do not affect the industry structure.
Barriers to entry affect the competitiveness of an industry because they determine whether or not typical firms in an industry will face new competition if they are earning above normal returns on investment.
Barriers to entry are highest for monopolistic competition.
Barriers to entry can be achieved only through government mandate.

Explanation / Answer

Barriers to entry can be achieved only through government mandate.

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