Which of the following factors is not a barrier limiting the entry of potential competitors into a market?
A) legally enforced patent rights
B) an inelastic demand for a product
C) economies of scale
D) ownership of a vital resource

Question

Quizplus · Accepted Answer

An inelastic demand for a product may actually increase the potential for new competitors to enter the market, as it indicates a stable and consistent demand for the product. Legally enforced patent rights, economies of scale, and ownership of a vital resource are all barriers that can limit the entry of potential competitors into a market.

Which of the Following Factors Is Not a Barrier Limiting