A patent or copyright is a barrier to entry based on
A)ownership of a key necessary raw material.
B)large economies of scale as output increases.
C)government action to protect a producer.
D)widespread network externalities.

Question

Quizplus · Accepted Answer

A patent or copyright is a government-granted monopoly that protects a producer's intellectual property rights, giving them the exclusive right to use or sell their invention or creation. It is a legal barrier to entry that prevents others from producing or selling similar products without permission from the original producer.

A Patent or Copyright Is a Barrier to Entry Based