Because barriers to entry limit the amount of competition in various markets,government policy should be designed to reduce or eliminate such barriers wherever possible.

Question

Quizplus · Accepted Answer

While reducing or eliminating barriers to entry can promote competition, it's not always desirable or beneficial to do so in every market. Some barriers are necessary for protecting public safety, ensuring quality, and encouraging investment in research and development. Government policy needs to balance the benefits of competition with the need for regulation, consumer protection, and incentives for innovation.

Because Barriers to Entry Limit the Amount of Competition in Various