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

Responses

shortage
shortage

a high market equilibrium price
a high market equilibrium price

low input prices
low input prices

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 for new firms trying to enter a market, as they may need to obtain specific licenses or permits before they can operate legally.