Which of the following is NOT one of the major sources of barriers to entry?
A) Product Differentiation
B) Capital Requirements
C) Buyer Group Concentration
D) Access to Distribution Channels
E) Government and Legal Barriers

Question

Quizplus · Accepted Answer

Buyer group concentration does not constitute a barrier to entry for new firms in a market. Instead, it refers to the concentration of customers or buyers, which can affect the bargaining power of buyers but does not directly impede new competitors from entering an industry. Barriers to entry typically include factors like product differentiation, capital requirements, access to distribution channels, and government or legal barriers, which can prevent or discourage new competitors from easily entering an industry.

Which of the Following Is NOT One of the Major