Ask Question
31 July, 18:16

The best way to limit competition is to: Choose one: A. control a resource that is essential in the production process. B. lobby for a government-created barrier. C. produce a high quantity. D. charge a low price. E. minimize costs.

+2
Answers (1)
  1. 31 July, 18:25
    0
    A. control a resource that is essential in the production process.

    Explanation:

    When the crucial resource is required to make a product, then the restrictions on such resource would not allow, many people to enter in such business.

    Also that the resources will be restricted in some or other manner, its price will increase accordingly the cost of producing such article would also increase.

    As the cost of production will increase only producers with a high budget and resources in terms of finance will chose it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The best way to limit competition is to: Choose one: A. control a resource that is essential in the production process. B. lobby for a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers