From the list below, determine if each item represents an example of a barrier t
ID: 1095215 • Letter: F
Question
From the list below, determine if each item represents an example of a barrier to entry or not. Is an example of a barrier to entry Is not an example of a barrier to entry Tinseltown Theaters shows almost all DeBeers owning nearly all of the most popular newly-released movies, the worlds diamond mines. Boeing already serves a large fraction of the Pfizer being the only firm that is legally jumbo jet market arid is able to produce at a allowed to produce and sell Lipitor, a lower average cost than any potential competitors. best-sellng cholesterol drug.Explanation / Answer
"Tinseltown Theaters shows almost all the most popular newly-released movies" does not suggest any barrier to entry, and thus may be categorized under "not a barrier to entry."
"Debeers owning ... mines" is an example of a near monopoly, and is thus a "barrier to entry."
"Boeing already ... competitors" is an example of a barrier to entry because no competitor in the market can match the efficiency of Boeing.
Patents create barriers to entry. "Pfizer being ... drug" is an example of a barrier to entry because Pfizer holds patents.
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