Which of the following is not potentially a barrier to entry into the widget market?
A)Patent protection on the design of widgets
B)High prices for widgets
C)Government licensing of widget producers
D)Massive advertising by existing widget producers

Question

Quizplus · Accepted Answer

High prices for widgets are not a barrier to entry; they could actually attract new entrants looking to capture part of the market by offering lower prices. Barriers to entry typically include factors that prevent or discourage new competitors from easily entering an industry, such as patents, government licensing, and substantial advertising by existing companies.

Which of the Following Is Not Potentially a Barrier to Entry