A patent is an example of a barrier to entry.

Name: A patent is an example of a barrier to entry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A patent is a legal protection granted to an inventor that prevents others from using, selling, or making their invention for a certain period of time. This creates a barrier to entry for competitors who may want to enter the market with a similar product or technology.

A Patent Is an Example of a Barrier to Entry