Barriers to entry may be associated with

Question

Quizplus · Accepted Answer

Barriers to entry can be both cost advantages associated with the quantity of production as well as cost advantages independent of size. For example, a company that produces a large quantity of goods may have lower production costs due to economies of scale. Additionally, a company with a strong brand name may have a cost advantage independent of its size, as consumers may be willing to pay more for the brand name product.

Barriers to Entry May Be Associated with