Creating _____ to _____ is key to a company's ability to earn profits in the long run.
A)network effects; reduce costs
B)marginal revenue; increase demand
C)barriers to entry; deter new entrants
D)reduced barriers to entry; raise profit margins

Question

Quizplus · Accepted Answer

By creating barriers to entry, a company can deter new entrants from competing in the market, ultimately leading to a reduction in competition and an increase in profits in the long run. This can be achieved through different methods such as patents, economies of scale, and government regulations, among others.

Creating _____ to _____ Is Key to a Company's Ability

Creating _ to _ Is Key to a Company's Ability