Which of the following constitutes a barrier limiting the entry of potential competitors into a market?
A) diseconomies of scale
B) an elastic market demand for the product produced by the industry
C) control over an essential resource
D) a perfectly elastic demand curve

Question

Quizplus · Accepted Answer

Control over an essential resource limits entry because new competitors cannot access the necessary inputs to produce the product.

Which of the Following Constitutes a Barrier Limiting the Entry