Barriers to entry are obstacles,such as patents,that make it difficult for new consumers to enter a market.

Name: Barriers to entry are obstacles,such as patents,that make it difficult for new consumers to enter a market.
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Question

Quizplus · Accepted Answer

Barriers to entry are obstacles that make it difficult for new competitors to enter a market, not consumers. These can include patents, high start-up costs, regulatory requirements, and other factors that prevent or hinder new companies from competing easily in a market.

Barriers to Entry Are Obstacles,such as Patents,that Make It Difficult