When a law is passed that requires businesses to obtain permission from government officials in order to enter a market, this is an example of
A) price-control legislation.
B) a barrier to entry
C) antitrust legislation.
D) the invisible hand principle.

Question

Quizplus · Accepted Answer

A barrier to entry is a government-imposed restriction that makes it more difficult for new businesses to enter a market.

When a Law Is Passed That Requires Businesses to Obtain