All Exams Test series for 1 year @ ₹349 only
Question

Who among the following economists developed the concept of 'Barriers to Entry' of firms ?

The correct answer is
J.S. Bain

The question asks to identify the economist who originated the concept of 'Barriers to Entry' for firms.

Barriers to Entry Concept Originator

The concept of 'Barriers to Entry' was primarily developed by the economist J.S. Bain. His work significantly contributed to the field of Industrial Organization.

Understanding Barriers to Entry

Barriers to entry refer to obstacles that make it difficult for new firms to enter a market or industry. These barriers can protect existing firms from competition and influence market structure and profitability.

  • Examples include high startup costs, patents, economies of scale, government regulations, and brand loyalty.
  • Bain's research focused on how these barriers affect market conduct and performance.

Conclusion

Based on established economic literature, J.S. Bain is credited with developing the theoretical framework for analyzing barriers to entry.

Was this answer helpful?

Important Questions from Microeconomics

  1. Match the following List-I with List-II :
    LIST-ILIST-II
    1. Absolute Advantagea. Paul Rosenstein Rodan
    2. Theory of Big Pushb. Adam Smith
    3. Theory of low level Equilibrium trapc. Richard R. Nelson
    4. Balanced Growth Theoryd. Ragner Nurkse
    Choose the correct option :
  2. Managerial Economics is essentially __________ in the field of business management.
  3. Kumar used to eat 30 samosas in a month when the price of each samosa was ₹12. When the price of samosa increased to ₹15 per piece, he eats only 20 samosas a month. What is the price elasticity of demand for samosa by Kumar?
  4. Mobile phone operators market in India is an example of
  5. According to the Law of Diminishing Returns, in a production function when more and more units of the variable factor are used, holding the quantities of a fixed factor constant, a point is reached beyond which
Need Expert Advice?

Start Your Preparation with Prepp Mobile App

Download the app from Google Play & App Store
Download the app from Google Play & App Store
Prepp Mobile App