Which of these is an example of a barrier to entry?
A)the lack of well-trained employees who have years of experience in a specialized area
B)government regulations that set few or no restrictions on establishing a business in that field
C)the ability to manufacture components or products in small quantities
D)the ability to specialize in one specific type of product for a niche audience

Question

Quizplus · Accepted Answer

Barriers to entry are obstacles that make it difficult for new competitors to enter a market. The lack of well-trained employees with specialized experience can be a significant barrier, as it limits the ability of new firms to compete effectively.

Which of These Is an Example of a Barrier to Entry