Each of the following is a legal barrier to entry into an industry except
A)licensing.
B)patents.
C)government franchises.
D)brand names.

Question

Quizplus · Accepted Answer

Brand names may create a competitive advantage for established firms, but they are not a legal barrier to entry as anyone can start their own brand. Licensing, patents, and government franchises all involve legal permission or protection granted by a governing entity, which can restrict entry into an industry.

Each of the Following Is a Legal Barrier to Entry