Question
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
Responses
a high market equilibrium price
a high market equilibrium price
low input prices
low input prices
shortage
shortage
licensing requirements
Answers
There are no human answers yet.
Answered by
GPT-4o mini
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.
Licensing requirements can serve as a barrier to entry by imposing legal restrictions and costs that new firms must overcome to enter a market.
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