A barrier to entry can be constructed by:
A) obtaining a patent.
B) getting cell phones.
C) setting up a web site.
D) reducing employee pay.

Name: A barrier to entry can be constructed by: A) obtaining a patent. B) getting cell phones. C) setting up a web site. D) reducing employee pay.
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Question

Quizplus · Accepted Answer

Obtaining a patent creates a legal barrier to entry by granting exclusive rights to produce or sell an invention, preventing others from entering the market with the same product.

A Barrier to Entry Can Be Constructed By