Which of the following is a barrier to entry that might be faced by a firm?(1 point)

Responses

a high market equilibrium price
a high market equilibrium price

low input prices
low input prices

shortage
shortage

licensing requirements

User Icon for Bot GPT 4-o mini Bot GPT 4-o mini answered
1 month ago

The correct response is **licensing requirements**.

Licensing requirements can serve as a barrier to entry by imposing legal restrictions and costs that new firms must overcome to enter a market.