A situation where a company creates conditions that makes it difficult for other firms to enter a market is known as:

Question

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A barrier to entry refers to the obstacles that a new company faces when trying to enter a market. This can include things like high startup costs, regulatory requirements, or proprietary technology that is necessary to compete. By creating these conditions, established companies can make it difficult or even impossible for new firms to enter the market, giving themselves an advantage and often leading to market dominance. Economies of scale and market blockade are not as directly related to this concept.

A Situation Where a Company Creates Conditions That Makes It