Start learning →

Businesses that develop schemes to deter potential competitors are engaged in:

APublishing their trade secrets
BIntimidating potential competition
CMaximising consumer welfare
DReducing their own output
Answer & Solution
Correct answer: B. Intimidating potential competition
1. Barriers to entry are not always inherited; sometimes they are constructed. 2. Businesses have developed a number of schemes for creating barriers to entry. 3. Those schemes work by deterring potential competitors from entering the market. 4. The heading for that behaviour is intimidating potential competition. _Source: OpenStax Principles of Microeconomics for AP(R) Courses 2e (CC BY 4.0), Ch 9 'Monopoly', sections 9.1-9.2_
Practise this question with Quill — AP Microeconomics →

Keep practising Monopoly

Browse all Monopoly questions for AP Microeconomics, or explore more Economics topics.

Start a Monopoly lesson →
Related questions
Complete the monopoly rulesKey in the monopoly figuresTrue or false: monopolyMatch each protection to what it coversLegal or natural monopoly?Comparing patents and trade secrets, a patent differs because it:The United States South's near monopoly in the mid-nineteenth century was in supplying whiA monopolist in the real world often lacks enough information to analyse its entire: