Final answer:
Government-imposed barriers to entry include the issuance of taxicab licenses, mandatory safety tests and insurance for taxicab drivers, and the enforcement of trademarks. These barriers regulate market entry and protect consumers, but can also limit competition.
Step-by-step explanation:
Three important government imposed barriers to entry are:
- Licensing requirements: such as the limitation on the number of licenses issued, like the case with taxicab licenses.
- Regulatory standards: such as all taxicab drivers must pass a driving safety test and have insurance which although might be passed by most, it still acts as a form of barrier to ensure safety and reliability.
- Enforcement of intellectual property rights: for example, a well-known trademark can act as a barrier to entry, as it can prevent competitors from using an established brand or business identity to enter the market.
These barriers can affect the competitiveness of a market and the entry of new players into an industry, which ultimately can influence consumer choices and market dynamism.