Which of the following barriers to entry is is most likely to result in the creation of of new products and production processes?
A)Patents.
B)Licenses.
C)Ownership of an essential raw material.
D)Significant economies of scale.

Question

Quizplus · Accepted Answer

Patents allow companies to protect their innovation and prevent others from copying their products or production processes. This creates an incentive for companies to invest in research and development to create new and innovative products or processes. As a result, patents can lead to the creation of new products and production processes.

Which of the Following Barriers to Entry Is Is Most