Which is a barrier to entry?

Question

Quizplus · Accepted Answer

Patents provide legal protection for inventions or ideas, making it difficult for potential competitors to enter the market. This creates a barrier to entry for new firms who may not have access to the same technology or resources. Revenue maximization and profit maximization are not barriers to entry, but rather goals that firms strive towards. Elastic product demand refers to how much the quantity demanded changes in response to a change in price and is not a barrier to entry.

Which Is a Barrier to Entry