Laurie Inc.is the largest fashion retailer in Europe.Which of the following is not likely to be a barrier to entry into the apparel industry that protects Laurie's market power?

Question

Quizplus · Accepted Answer

Low expenditure on advertising is not likely to be a barrier to entry. Barriers to entry often involve significant costs or investments, such as heavy advertising or establishing a brand name, which deter new competitors. Low advertising expenditure suggests a company is not heavily investing in one of the common barriers to entry.