Which of the following creates a barrier to entry because it reduces the number of providers in the market and decreases potential competition?

Name: Which of the following creates a barrier to entry because it reduces the number of providers in the market and decreases potential competition?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Licensure creates a barrier to entry by requiring providers to meet specific qualifications and standards, thus limiting the number of new entrants into the market.

Which of the Following Creates a Barrier to Entry Because