Barriers to entry refer to
A) governmental prohibitions regarding the establishment of businesses that are considered immoral.
B) governmental prohibitions regarding the establishment of businesses that are considered legal but unethical.
C) strong-armed tactics that are illegal but commonly used in certain industries to hinder competition.
D) business practices that make it difficult for new firms to enter the market.
E) restrictions against certain consumers' purchase of a product.

Question

Quizplus · Accepted Answer

Barriers to entry are obstacles that make it difficult for new firms to enter a market, such as high startup costs, strong brand loyalty, or regulatory requirements.

Barriers to Entry Refer to