Which of the following is a way to deter entry?
A)increase costs through legislation that affects only new entrants
B)raise switching costs for customers that use your products
C)obtain a patent so that others must license your invention
D)All of the above.

Question

Quizplus · Accepted Answer

All of the above options are ways to deter entry into a market. Increasing costs through legislation that only affects new entrants makes it harder for new competitors to enter. Raising switching costs can make it more difficult for customers to switch from your product to a competitor's product. Obtaining a patent on an invention gives the patent holder the exclusive right to license that invention, which can deter competitors from entering the market.

Which of the Following Is a Way to Deter Entry