A potential barrier to entry is a firm’s controlof a(n) _______________ resource

Question

A potential barrier to entry is a firm’s controlof a(n) _______________ resource critical to production in theindustry.  
   The possibility that anopen-access resource is used until the net marginal value ofadditional use equals zero is known as the__________________. A potential barrier to entry is a firm’s controlof a(n) _______________ resource critical to production in theindustry.  
   The possibility that anopen-access resource is used until the net marginal value ofadditional use equals zero is known as the__________________.

Explanation / Answer

1) Essential 2) common-pool problem

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