Barriers to entry are obstacles that make it difficult or impossible for would-be producers to enter a particular market.

Name: Barriers to entry are obstacles that make it difficult or impossible for would-be producers to enter a particular market.
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Question

Quizplus · Accepted Answer

This statement is true. Barriers to entry can include high start-up costs, brand recognition of existing competitors, government regulations, and limited access to distribution channels or resources, among other factors.

Barriers to Entry Are Obstacles That Make It Difficult or Impossible