Barriers to entry are forces that:
A)limit consumers from purchasing new products.
B)limit new firms from joining an industry.
C)promote a more efficient allocation of resources across the economy.
D)limit the government from intervening in markets.

Question

Quizplus · Accepted Answer

Barriers are forces that prevent firms from entering a new market. As a result, the allocative function of price cannot operate.

Barriers to Entry Are Forces That