Barriers to entry represent factors associated with:
A) a market,and/or firms currently operating in the market,that make it more expensive and difficult to enter that market.
B) a market,and/or firms currently operating in the market,that make it more expensive and difficult to leave that market.
C) differentiation strategies in which the firm maximizes its returns by emphasizing lower quality products than those found in markets without barriers to entry.
D) the presence of above-average returns for a firm.

Question

Quizplus · Accepted Answer

Barriers to entry are factors that make it harder for new firms to enter a market or compete with existing firms. These barriers can include high start-up costs, economies of scale, brand loyalty, government regulations, patents, and other factors. As a result, these barriers can make it more expensive and difficult for new firms to enter the market, resulting in a competitive advantage for existing firms.

Barriers to Entry Represent Factors Associated With