Which of the following is not a barrier to entry?
A)patents
B)X-inefficiency
C)economies of scale
D)ownership of essential resources

Question

Quizplus · Accepted Answer

X-inefficiency refers to a situation where a firm is not producing at its lowest possible cost due to a lack of competitive pressure, rather than a barrier preventing new firms from entering the market. Patents, economies of scale, and ownership of essential resources are all examples of barriers to entry that can prevent or discourage new competitors from entering a market.

Which of the Following Is Not a Barrier to Entry