Barriers to entry refer to
A)business practices or conditions that make it difficult for new firms to enter the market.
B)governmental prohibitions regarding the establishment of businesses that are considered immoral.
C)governmental prohibitions regarding the establishment of businesses that are considered legal but unethical.
D)restrictive fees that are set intentionally high in order to prevent additional competition in an already highly competitive industry.
E)strong-armed tactics that are illegal but commonly used in certain industries to hinder competition.

Question

Quizplus · Accepted Answer

Barriers to entry are business practices or conditions that make it difficult for new firms to enter the market. These can include things like high start-up costs, economies of scale enjoyed by larger firms, and exclusive access to raw materials or distribution channels.

Barriers to Entry Refer to