Which of the following is most unlikely to present a barrier to entry into a market? Question 2 options: 1) market forces 2) patent laws 3) technological advantages 4) deregulation
Added by Isaac S.
Step 1
A barrier to entry is any obstacle that makes it difficult for new competitors to enter a market. Common barriers include legal restrictions, high startup costs, technological advantages, and regulatory requirements. Show more…
Show all steps
Your feedback will help us improve your experience
Oluwadamilola Ameobi and 101 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Classify the following as a government-enforced barrier to entry, a barrier to entry that is not governmentenforced, or a situation that does not involve a barrier to entry. a. A patented invention b. A popular but easily copied restaurant recipe c. An industry where economies of scale are very small compared to the size of demand in the market d. A well-established reputation for slashing prices in response to new entry e. A well-respected brand name that has been carefully built up over many years
which of the following is not a barrier to entry 1. differentiated 2. economies of scales 3. large start up cost 4. patents
Haricharan G.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD