Which of the following barriers to entry can best explain the continued success of a product that has been shown to be,in some way,harmful to the health of consumers?
A)Patent.
B)Consumer lock-in.
C)Brand loyalty.
D)Ownership of an essential resource.

Question

Quizplus · Accepted Answer

Brand loyalty is the best explanation for the continued success of a harmful product. Consumers may continue to purchase the product due to a strong emotional attachment or trust in the brand, even though they are aware of its harmful effects. This can make it difficult for new competitors to enter the market and gain significant market share.

Which of the Following Barriers to Entry Can Best Explain