Pharmaceuticals, corporate legal services, and defense contracting are industries:

Question

Quizplus · Accepted Answer

These industries are protected by barriers to entry, meaning that it is difficult for new competitors to enter the market and compete with established companies. In the case of pharmaceuticals and defense contracting, this is due to the significant capital and research investment required to develop new products, as well as regulatory barriers. In the case of corporate legal services, it is due to the need for specialized expertise and reputation within the industry.

Pharmaceuticals, Corporate Legal Services, and Defense Contracting Are Industries