Question

Please match the barriers to entry that are discussed in the book with an example of the barrier. Group of answer choices Natural monopoly [ Choose ] Control of a physical resource [ Choose ] Legal monopoly [ Choose ] Patent, trademark, and copyright [ Choose ] Intimidating potential competitors

Answer 1

Barriers to entry are the obstacles that stops new competitors from gaining entrance into a new market.

What are the barriers to entry?

• Patents
• High cost
• Licenses
• Monopoly

All of these are the ways that a new producer can be discouraged from being part of a new market.

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