Which of these is NOT a significant barrier to entry?
A) patents
B) government franchises
C) large economies of scale
D) opportunity costs

Question

Quizplus · Accepted Answer

Opportunity costs are not considered a significant barrier to entry in markets. They represent the cost of forgoing the next best alternative when making a decision, rather than a direct barrier preventing new competitors from entering an industry. In contrast, patents, government franchises, and large economies of scale can directly prevent or discourage new entrants by requiring significant investment, exclusive rights, or efficiencies that are hard to match by new competitors.

Which of These Is NOT a Significant Barrier to Entry