Several states require cosmetologists to undertake 1,500 hours or more of training in order to obtain a license to provide hair styling or braiding services. This is an example of
A) antitrust legislation.
B) government action that promotes competition.
C) a barrier to entry
D) the legal structure that is required for the operation of price-taker markets.

Question

Quizplus · Accepted Answer

This is an example of a barrier to entry because the requirement of extensive training hours creates a hurdle for new entrants wanting to enter the cosmetology market.

Several States Require Cosmetologists to Undertake 1,500 Hours or More