Which of the following barriers to entry into a market is most beneficial from society's perspective?

Question

Quizplus · Accepted Answer

Economies of scale are the most beneficial barrier to entry from society's perspective as it can lead to lower costs and lower prices for consumers due to increased production efficiency. This can lead to more widespread availability of goods and services as well as increased competition among existing firms. On the other hand, ownership of essential productive resources, brand loyalties, and consumer lock-in and switching costs can all limit competition and potentially harm consumers.

Which of the Following Barriers to Entry into a Market