Which of the following factors is not a barrier to entry?
A) legally enforced patent rights
B) an inelastic demand for a product
C) licensing
D) control over an essential resource

Question

Quizplus · Accepted Answer

An inelastic demand for a product is not a barrier to entry as it refers to consumer behavior and does not prevent new firms from entering the market. A, C, and D are all examples of common barriers to entry that can limit the ability for new entrants to successfully compete in a market.

Which of the Following Factors Is Not a Barrier to Entry