Question

URGENT! HELP NOW PLEASE! If it was possible for one company to gain ownership control all of the uranium processing plants in the US, then O they will strive to reach efficiencies only they know how to make. Othat firm could set up barriers to entry to discourage competition. Ogovernment will deregulate to ensure the company's monopoly O the factors of market demand and supply will set the price.​

Answer 1

If it was possible for one company to gain ownership control of all the uranium processing plants in the US, then that firm could set up barriers to entry to discourage competition.

What are barriers to entry?

When there are difficulties in entry in the market for the sellers in a particular industry due to the dominant position of a firm, and other added factors, then such factors are known as the barriers to entry.

Hence, option B holds true regarding barriers to entry.

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