Question

Barriers to entry into a market come in many forms. Which lists some of the usual barriers to entry?

A) Licenses, patents, high start-up costs
B) Weak demand for the product, low market price
C) Lacking government regulation, plentiful supply of labor
D) High unemployment, poorly skilled labor, resource shortages

Answer 1

The usual barriers to entry into a market include licenses, patents, and high start-up costs.

Step-by-step explanation:

Barriers to entry into a market can come in various forms. Some of the usual barriers to entry include:

Licenses: Certain industries require licenses or permits to operate, which can be difficult and costly to obtain. Patents: Exclusive rights granted to inventors protect their inventions from being copied or used by others. High start-up costs: Some industries require significant financial investments to set up operations, making it challenging for new entrants. Barriers to entry typically include factors that make it difficult for new companies to enter a market. In this case, licenses, patents, and high start-up costs are examples of such barriers.