multiple choice question\nbarriers to entry _____\no are impediments to competition\no lower prices\no are…
multiple choice question\nbarriers to entry _____\no are impediments to competition\no lower prices\no are illegal in the united states\no create consumer surplus\nneed help? review these concept resources.\nread about the concept
Answer
Brief Explanations:
Barriers to entry are factors that make it difficult for new firms to enter a market, which act as impediments to competition. They don't necessarily lower prices, aren't always illegal in the US (e.g., some natural barriers), and don't create consumer surplus.
Answer:
O are impediments to competition